Good day please see chart for key level and visual representation of the flag
📌 Hypothetical Strategy ✅ Momentum Entry (Bullish Breakout of Flag): Condition :Detail Trigger :Close above $30.50 with bullish candle and volume and clears possible flip zone Stop Below $29.50 Target 1 $31.50 Target 2 $32.27 (key resistance) ✅ Value Entry (Pullback to 200 EMA / Flag Support): Condition :Detail Trigger :Pullback to $29.60–$29.70 (200 EMA zone) Entry :On bullish candle (engulfing, hammer) and clears possible flip zone Stop Below $29.40 Target $30.50–$31.50 ✅ Bearish Setup (Flag Failure): Condition :Detail Entry :If price breaks below $29.40 and breaks strong below 200 EMA Stop Above $30.00 Target $28.00 → $26.96 🎯 Hypothetical Strategy (Final Rule): 🔥 The best trade is a momentum breakout long if price closes above $30.50 with volume and clears possible flip zone. Second best = value bounce from 200 EMA ($29.60) and proceeds to clear possible flip zone Only short if flag fails and $29.40 breaks and proceeds to break below 200 EMA.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.