Price found first indication of support at ~106 and now bound by 110.12 (Fib 1.618)
It will be very bullish if price broke out of 110.12 (bull flag) inside an uptrend channel, but take note that a fake out
to retest 106 level is not rule out.
To me bull flag in uptrend channel is a indication of uptrend continuation just like bear flag in downtrend channel an indication of downtrend continuation, of course there will always one or two exception.
It will be very bullish if price broke out of 110.12 (bull flag) inside an uptrend channel, but take note that a fake out
to retest 106 level is not rule out.
To me bull flag in uptrend channel is a indication of uptrend continuation just like bear flag in downtrend channel an indication of downtrend continuation, of course there will always one or two exception.
