we zoom in on the broadening bottom on the 2 hour chart.
Originally a bullish reversal formation which arises from a downward trend in which the bulls and bears become indecisive and the price swings sideways.
In 58% of the cases there is a bullish exit but always take a downward breakout into account.
I also include a possible bear flag in the downward price targets.
1W:
1D
Keep calm, trade safe and manage your risk.
(Disclaimer: this is no financial advise)
Originally a bullish reversal formation which arises from a downward trend in which the bulls and bears become indecisive and the price swings sideways.
In 58% of the cases there is a bullish exit but always take a downward breakout into account.
I also include a possible bear flag in the downward price targets.
1W:
Keep calm, trade safe and manage your risk.
(Disclaimer: this is no financial advise)
Tims.Technische.Analyse by TIMTIBBO
