A classic Bullish Flag
Flag patterns have five main characteristics:
The preceding trend
The consolidation channel
The volume pattern
A breakout
A confirmation where the price moves in the same direction as the breakout.
While the S&P 500, Nasdaq, and Dow Jones closed at the highest levels, small caps must move at least 5% to make a new all-time high since 2021..!
https://www.tradingview.com/x/hEuoahFg/
The preceding trend
The consolidation channel
The volume pattern
A breakout
A confirmation where the price moves in the same direction as the breakout.
While the S&P 500, Nasdaq, and Dow Jones closed at the highest levels, small caps must move at least 5% to make a new all-time high since 2021..!
https://www.tradingview.com/x/hEuoahFg/
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