TLRAY INC |Bull Flag | S/R Flip | Clean Trade Setup

Today’s Chart - TLRAY INC – Currently consolidating in a bull-flag formation above structural support.

Points to consider:
- Structural support retest (S/R Flip confirmation)
- Bull-flag formation
- Below average volume
- RSI trading above 50

TLRAYs S/R flip has been confirmed with a retest of structural support, the immediate target now structural resistance.

Volume nodes are below average, bulls need to see an influx out of the probable bull flag formation to support the bullish bias

RSI is above 50, showing reasonable strength in the current market

Overall, in my opinion, a bullish breakout is imminent. A long trade will be validated on a retest of the neckline (conservative entry) or a break of the bull flag (aggressive entry) as both technical targets align with structural resistance.

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