A period of sideways and down consolidation after a powerful bullish runup.
Conventionally, the target is determined by the length of the price runup (flag-pole) that preceded it.
Recommended to maintain non-directional options by bracketing both sides of the flag with stop-in levels
Conventionally, the target is determined by the length of the price runup (flag-pole) that preceded it.
Recommended to maintain non-directional options by bracketing both sides of the flag with stop-in levels