hutrader - your selection GOOD does indeed look like a bull flag
pattern. Should it resolve upwards, then the target would be
derived by adding the length of the pole to the breakout level
(conservatively 2/2.5 points).
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Any thoughts on GOOD? Bullflag?
SPY swing system examples/comments
Posted by hutrader on 24th of Nov 2010 at 07:08 am
I was wondering if any of you have something to say about GOOD?
It looks to me like some sort of bullflag formation. What would be the price target in case of a breakout?
GOOD
Posted by steve on 24th of Nov 2010 at 07:59 am
hutrader - your selection GOOD does indeed look like a bull flag pattern. Should it resolve upwards, then the target would be derived by adding the length of the pole to the breakout level (conservatively 2/2.5 points).