The commodity has formed a Flag And Pole Pattern.

A Flag and Pole  is a continuation pattern.

The commodity is trading negative and a small retracement is seen on the upside. A breakout is expected to be on the downside.

The commodity breaking downside will be an opportunity to enter short.

Currently the commodity trading near the EMA's, price need to trade below the EMA's during a breakout on the downside to confirm strong downward move.

Advice : Trade as per breakout, expecting breakout on the downside.

Flag and Pole

Aug 07 2022