We have an almost perfect bull flag here primed and ready to pop on this 4hr chart.
Volume is tapering down to a low level.
The Bollinger Bands are narrowing in signalling that some increased volatility is soon to surprise us.
There is some potential resistance that could support price if it gets pushed down but if that happens then the flag pattern will be nullified anyway.
Based on the length of the flag pole, a 29% profit is not out of the question if you can get a nice entry.
Remember your stops people!
Volume is tapering down to a low level.
The Bollinger Bands are narrowing in signalling that some increased volatility is soon to surprise us.
There is some potential resistance that could support price if it gets pushed down but if that happens then the flag pattern will be nullified anyway.
Based on the length of the flag pole, a 29% profit is not out of the question if you can get a nice entry.
Remember your stops people!