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Alikze »» SOL | Bullish Flag

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🔍 Technical analysis: Bullish Flag

- In the last analysis presented, it was mentioned that an upward cycle is being completed.

- Currently, a cup pattern has formed on the weekly time frame after an upward rally, followed by a small valley.

- As you can see, after a zigzag correction in the liquidity zone, an ascending flag has also been formed.

- Therefore, by maintaining the area and breaking the channel, it can experience another growth equal to the height of the rising wave.

💎 Also, note that if the $100 range is broken and there is a stabilization below it, it should be re-checked and updated.
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註釋

After filling the gap, FVG-4H managed to touch the target of $150. Currently, it can advance to the next zone with a pullback to the origin of movement and Fibo 1.618. Therefore, you should wait for the confirmation of the return in the range.

註釋

according to the moving path moving to the supply area.

註釋

交易進行

According to the predicted movement path, in the weekly time frame, it is moving out of the descending channel and the ascending flag towards the target of the supply area.