Updating the Bitcoin chart following the earlier Bear Flag alert
I spotted another bearish continuation pattern that had already formed on top of the Bear Flag, a Pennant marked in orange
I drew it and share with you how it already played out so it can be used as a learning example
This helps illustrate how the current Bear Flag can repeat the same classic stages
1st stage - price broke down from the Pennant below 106k, similar to the recent Flag breakdown below 88k
2nd stage - price made a textbook pullback to the broken support, a common throwback seen in both patterns
3rd stage - price then resumed its downward move, completing the continuation sequence
I spotted another bearish continuation pattern that had already formed on top of the Bear Flag, a Pennant marked in orange
I drew it and share with you how it already played out so it can be used as a learning example
This helps illustrate how the current Bear Flag can repeat the same classic stages
1st stage - price broke down from the Pennant below 106k, similar to the recent Flag breakdown below 88k
2nd stage - price made a textbook pullback to the broken support, a common throwback seen in both patterns
3rd stage - price then resumed its downward move, completing the continuation sequence
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.