#BLS International Flag & Pole Pattern With Volume Confirmation|
BLS International Flag & Pole Pattern Spotted with Volume Confirmation.
Let's Look at the Context What's happening Here-:
As you can see this Stock is in Absolute Uptrend and recently it Spikes up and we saw a Good Bullish Momentum with good Volume after that it Goes into Sideways (Consolidation) But the Volume Didn't Fade Away at all . Which is kind of Good thing for this pattern to workout.
If you watch this in Smaller Time Frame (Hourly) you can see price is making Higher High which is again is a Good thing.
Let's Look at this way Price is Making Higher High it Means Buyers are still active and you can see their Participation and they are Buying at Every Level that why Chart is Making Higher High, After Sometime Seller will Give up and then they will Square off their Position then the Breakout will come.
If you have Any question feel free to ask .-
Let's Look at the Context What's happening Here-:
As you can see this Stock is in Absolute Uptrend and recently it Spikes up and we saw a Good Bullish Momentum with good Volume after that it Goes into Sideways (Consolidation) But the Volume Didn't Fade Away at all . Which is kind of Good thing for this pattern to workout.
If you watch this in Smaller Time Frame (Hourly) you can see price is making Higher High which is again is a Good thing.
Let's Look at this way Price is Making Higher High it Means Buyers are still active and you can see their Participation and they are Buying at Every Level that why Chart is Making Higher High, After Sometime Seller will Give up and then they will Square off their Position then the Breakout will come.
If you have Any question feel free to ask .-
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