If this breakout is confirmed on the weekly then the target is 16k...in addition to this simple bull flag on the weekly chart we also just broke above the neckline of a weekly inverse head and shoulders pattern too which has a similar breakout target I will show that in a separate idea. Based on the volume we got today I have a feeling we will see a solid volume confirmation of the breakout on the weekly soon enough as well. This breakout is not 100% confirmed on the weekly yet but judging by the volume on the 1 day chart it is much more likely at this point to be a validated breakout than a fakeout.
評論:
I should note that I placed the bottom of the pole at the bottom of the wick but there is a chance the pole may start at the body instead of the wick if that were the case then the measured move would be more like 15k instead of 16k...because the bottom trendline of the flag is more valid by wicks and the top top is more valid by candle bodies that is why I drew the pole from the bottom wick to the top candle body.