We've had a strong uptrend that I believe to be our flagpole.
Prices seem to be consolidating now. Max consolidation should go to 38% of the initial uptrend, so if it retraces below that we'd be looking at a new downtrend.
Some might say take a long at the bottom of the flag, but I'd prefer to wait for a break above the flag to go long.
Lets see what happens :)
Prices seem to be consolidating now. Max consolidation should go to 38% of the initial uptrend, so if it retraces below that we'd be looking at a new downtrend.
Some might say take a long at the bottom of the flag, but I'd prefer to wait for a break above the flag to go long.
Lets see what happens :)