High Tight Flag in Yu Group
Price rose 88.5% in 42 days. It then pulled back allowing the daily 20EMA (not shown -- the chart on view is the 4h) to catch up with the price. Today price broke through the upper trendline of the flag and the daily CCI crossed positive, giving a buy signal.
Suggested stop: 770. Those with less risk tolerance could set their stop to just below the 26.3 fib retracement line.
I’ll update the stops and possible targets as the trade unfolds.
Good luck
**
To read about High Tight Flags see these studies by Thomas Bullowski:
thepatternsite.com/htf.html
thepatternsite.com/HTFStudy.html
Suggested stop: 770. Those with less risk tolerance could set their stop to just below the 26.3 fib retracement line.
I’ll update the stops and possible targets as the trade unfolds.
Good luck
**
To read about High Tight Flags see these studies by Thomas Bullowski:
thepatternsite.com/htf.html
thepatternsite.com/HTFStudy.html
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