So far, it still inside the flag and a potential bullish continuation pattern. Currently, the ranges are inside the white support/resistance, an excellent range for day-trading.
Back to the basic, day-trading buy at white support, and sell white resistance while waiting for the incoming catalyst. I reckon it will stays inside the flag until September 14, 2020 or until it reaches the daily major trendline.
A breakout below the flag and the daily major trendline means a reversal, and a breakout above the flag means a trend continuation. Time will tell, but currently I remain bullish until the catalyst says the opposite.
Catalyst:
- ECB Main Refinancing Rate
- ECB Monetary Policy Statement
- ECB Press Conference
- US PPI
- US Unemployment claims
- US Crude oil data
- ECB President Lagarde Speaks
- Eurogroup Meetings
- US CPI
Back to the basic, day-trading buy at white support, and sell white resistance while waiting for the incoming catalyst. I reckon it will stays inside the flag until September 14, 2020 or until it reaches the daily major trendline.
A breakout below the flag and the daily major trendline means a reversal, and a breakout above the flag means a trend continuation. Time will tell, but currently I remain bullish until the catalyst says the opposite.
Catalyst:
- ECB Main Refinancing Rate
- ECB Monetary Policy Statement
- ECB Press Conference
- US PPI
- US Unemployment claims
- US Crude oil data
- ECB President Lagarde Speaks
- Eurogroup Meetings
- US CPI
Upgrade Your Trading Station with Gold Cartel
Chart update: