Nice break, now back to the serious stuff.... The 10 Min chart since my break has carried on up the channel from March. At one point, it did look like we were going to make a real top and a trend break, but it faded.... Except for the 2nd Jan, we have stayed firmly in channel. That day we saw a break above and below the channel, I guess due to mm's and thin volumes, trying to make a market...
Mom , as for the bull flags in 10 mins chart, I see three today.The main one has a target of 10, 570 or so... The other minor two are not really flags, more pullbacks. The difference is the bull flag should have 3 cycles, the pullbacks are totally lacking in that area.... So can we look forward to 570 tomorrow? I wouldn't bet on it. The bull flag target is relying on the gap up. Not something that one should rely on.... That doesn't mean that we won't make 570 either.
Mom , as for the bull flags in 10 mins chart, I see three today.The main one has a target of 10, 570 or so... The other minor two are not really flags, more pullbacks. The difference is the bull flag should have 3 cycles, the pullbacks are totally lacking in that area.... So can we look forward to 570 tomorrow? I wouldn't bet on it. The bull flag target is relying on the gap up. Not something that one should rely on.... That doesn't mean that we won't make 570 either.