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 Security is trading near the EMA's price need to trade below the EMA's during a breakout on the downside to confirm strong downtrend move.

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

Flag And Pole

Feb 23 2023