Update from previous idea:
changed the chart to the 4hr time frame as I believe this flag is still relevant to the 4hr (barely), this is a larger timeframe pattern we are edging on being too long consolidation to be a bull flag but I just want to show that we have broken out and closing a 4hr candle above is the first step to this breakout.
we are also finding the 0.65 as resistance so once we break above that we should see a volatile move upwards, flipping it as support. that is mainly what I want to see in the 4hr candles, holding key support levels on the 4h and 12hr blasting above them, it can be hard to track on large timeframes.
broke out here which is perfect you can see my target is 4300, I really am hoping for this test of the teal line, FINALLY.
best case - flip the 0.65 as support on the 4hr while moving upwards
worst case - swing fail and see a quick drop to the downside touching the 0.618 maybe even my yellow support line.
changed the chart to the 4hr time frame as I believe this flag is still relevant to the 4hr (barely), this is a larger timeframe pattern we are edging on being too long consolidation to be a bull flag but I just want to show that we have broken out and closing a 4hr candle above is the first step to this breakout.
we are also finding the 0.65 as resistance so once we break above that we should see a volatile move upwards, flipping it as support. that is mainly what I want to see in the 4hr candles, holding key support levels on the 4h and 12hr blasting above them, it can be hard to track on large timeframes.
broke out here which is perfect you can see my target is 4300, I really am hoping for this test of the teal line, FINALLY.
best case - flip the 0.65 as support on the 4hr while moving upwards
worst case - swing fail and see a quick drop to the downside touching the 0.618 maybe even my yellow support line.
