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Re: IoT II post# 17147

Wednesday, 08/12/2020 6:27:17 PM

Wednesday, August 12, 2020 6:27:17 PM

Post# of 29429
Yep, and the helicopter ride should take us to .06 or better.

Key things to look out for when trading the bull flag pattern are:

Preceding uptrend (flag pole)
-Identify downward sloping consolidation (bull flag)
-If the retracement becomes deeper than 50%, it may not be a flag pattern. Ideally, the retracement ends at less than 38% of the original trend
E-nter at bottom of the flag or on the breakout above the high of the upper channel boundary
-Look for price to break higher with a length potentially equal to the size of the flag pole



https://www.dailyfx.com/education/technical-analysis-chart-patterns/bull-flag.html

Roaming Bull Investments