Flag
Hello!
I ask you to immediately take into account, this is only my own opinion, I will try to explain what it is based on:
At the moment we visually identified the figure of the flag, this figure is a continuation of the trend.
On the specifics of formation, the consolidation zone has a negative slope with respect to the developing trend.
Approximation of the price to the lower borders of the zone of consolidation of the flag is accompanied by an increase in the volume of trading, but at the same time the growth is dampening. We expect 2 options for development:
Option 1 - break the border of the flag and as confirmation of high trading volumes or their increase!
Option 2 - price correction within the boundaries of the flag.
I ask you to immediately take into account, this is only my own opinion, I will try to explain what it is based on:
At the moment we visually identified the figure of the flag, this figure is a continuation of the trend.
On the specifics of formation, the consolidation zone has a negative slope with respect to the developing trend.
Approximation of the price to the lower borders of the zone of consolidation of the flag is accompanied by an increase in the volume of trading, but at the same time the growth is dampening. We expect 2 options for development:
Option 1 - break the border of the flag and as confirmation of high trading volumes or their increase!
Option 2 - price correction within the boundaries of the flag.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.