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AKE Chart, page-64

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Darkstone

3,335 Posts.

3617

09/12/21

11:11

Post #: 58183958
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Originally posted by Darkstone: ↑

This setup is a little more complex. On the face of it the flag went too far (through the 50% fib on the pole), but the fib prediction if it stays as a flag and doesn't become an inverted flag is 910, while the pole based measure suggests 904 as the target. Also it has a high risk of becoming inverted, but I don't think that will be the case here as it is too close to the channel bottom, which is a major support for the day.

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Yeah, I'd say this is right. Looks like the first flag (formed at 904) will break around 898/9 which would confirm the target of circa 910 for the sequence.

AKE Price at posting: $8.99 Sentiment: Buy Disclosure: Held
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0 Great analysis

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