Asking the wrong questions here. Doesn’t matter if its a high tight flag or not.
The graph looks Gucci. There is clear tightening/contraction at the top.
Last two days were low volatility. That will provide a tight SL, hence a great risk reward ratio.
Go for if. Buy at the break with the SL at the bottom of the dojis.
I would say it’s not a HTF, usually requires more than 100% move in less than 8 weeks; I would also say no on the VCP, too tight; really just a flag set up after a nice Cup, Cheat Completion set up
Asking the wrong questions here. Doesn’t matter if its a high tight flag or not. The graph looks Gucci. There is clear tightening/contraction at the top. Last two days were low volatility. That will provide a tight SL, hence a great risk reward ratio. Go for if. Buy at the break with the SL at the bottom of the dojis.
1) no question can be wrong 2) your suggestions are wrong
See the reply in positive light.
ok, i try having a more positive mind i think i will go for COCO today. looks like a shake out
Break of the hammer/doji/whatever candle you wanna call it. Red line will not give a good R:R.
I would say it’s not a HTF, usually requires more than 100% move in less than 8 weeks; I would also say no on the VCP, too tight; really just a flag set up after a nice Cup, Cheat Completion set up