cool man. I just learned about this bull flag. Looks perfect. From your perspective, how does the sudden cliff dive happening now play into that analysis?
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cool man. I just learned about this bull flag. Looks perfect. From your perspective, how does the sudden cliff dive happening now play into that analysis?
That's natural. We expect it since short term charts get overbought and such. As long as the highs and lows keep getting higher on an up trend, that's all we can hope for! Clear rejection is at the $1,320 level, which is pretty substantial over the $1,280 rejection level we saw earlier this morning. In addition, prices were higher than prior to the run up and dump where they bottomed at $1,312 and then after the dump they hit $1,314. Everything is still looking good and we're still on the same upward flagpole trend line. If $1,312 breaks that'll be something different. I'll probably set my stop loss right below that.