With the formation one would expect continuation.... however it...

  1. 686 Posts.
    With the formation one would expect continuation.... however it may not. Both MACD and Stochs arent playing ball for the approximate up arrow range to play out.
    And price still adhering to fib level/brown channel gives hope that the flag may not play out.


    However Volume pickup and slight retest (excuse the very amatuer approach at VSA), could demonstrate a bottom forming.

    Position yourself for the expected/probable and take the stop loss if wrong.
 
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