Well, the TA pattern so far indicates that a bull flag has printed in the shape of a DBW (Descending Broadening Wedge), so both a bull flag pattern and a DBW pattern both will produce an bullish outcome MOST of the time...however this time we have the recent drop of a potential correction where LH's and LL's are still being printed. If the overall market pattern changes bullish then my sentiment on the short term for ALGO will turn bullish as well. For now, I am neutral on this one and suggest proceeding with caution whether Bullish OR Bearish. To enter bullish, we need confirmation above the upper TL on this wedge AND bullish market sentiment. To enter short, we probably just need to let this pattern play out until it morphs into a TA pattern with a bearish expected outcome. DYODD. NFA.
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