Bear flag breakout is given with strong bull candle in weekly timeframe.
Follow-through bar also witnessed.
Horizontal line above bear flag on which buying can be expected.
happy holiday traders.
#Bitcoinlong
Stock movement has seen extremally bearish previous day.
In order to ensure its bearish nature we need follow-through in downward direction because single bar can't tell the story.
Be patient..!!
Since stock has never tested resistance R1 since last 3 days from 22 Oct. This scenario concludes that it is in strong uptrend. Pull-back at CPR or R1 should be considered as buying opportunity.
