The Security has formed a Flag And Pole Pattern.

A Flag and Pole  is a continuation pattern.

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

The Security breaking downside will be an opportunity to enter short in the pair.

Currently the pair is trading above the short and long Ema indicating a short term buying opportunity. As per pattern formation waiting for a breakout with EMA supporting would be advisable.

Flag And Pole

Dec 21 2022