This will eventually break out and if it does go upside, the target will be back at the base of the wedge @ $13,800.
Watch out for that BEAR FLAG!
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Ron (The Intrepid Trader)
Constructive and positive comments welcome.
NOTICE: TROLLS, NEGATIVE PEOPLE, LOSERS are NOT welcome in the trading community. People like you don't add value to the community, so GET OUT!
Watch out for that BEAR FLAG!
Remember to always, always place your stop loss at the appropriate levels immediately after you have put in your long/short position so as not to get stopped out at your trades.
>>>>> Always be prepared for either scenario of upwards movement, downwards movement, or sometimes even sideways movement (consolidation phase & sometimes even extended consolidation phases). <<<<<
Ron (The Intrepid Trader)
Constructive and positive comments welcome.
NOTICE: TROLLS, NEGATIVE PEOPLE, LOSERS are NOT welcome in the trading community. People like you don't add value to the community, so GET OUT!
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This Bear Flag has been fulfilled and price continues to respect the bottom support line of this falling wedge.
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