Looking closely on the CHZ chart, with the mindset of mid term to Long term perspective, it was observed that price respect a trendline(Black TL). Each time price had a test on the TL, it give strong rejections.
The last move away from the TL, seems to be forming Bullish flag.
Our trading ideas right now will be to focus more on the ACCUMULATION zone shown with Yellow on the chart. Exit will be a break and closed of candle below the Black trendline.
Final target of the potential Bullish flag was shown also.
The last move away from the TL, seems to be forming Bullish flag.
Our trading ideas right now will be to focus more on the ACCUMULATION zone shown with Yellow on the chart. Exit will be a break and closed of candle below the Black trendline.
Final target of the potential Bullish flag was shown also.
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