I think I saw a flag here but the thing is there were lower lows and lower highs so it's not a valid setup for a flag, right?
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-12 11:32:25 | LIVE | buy | $7.840 | long |
2014-02-12 11:53:09 | LIVE | sell | $7.650 | 0 |
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I see bowsreview, so I'll be anxious to hear the official answer too. To me, this very much IS a flag. But, I see no confirmation of the pattern break, so I assume you entered the trade in anticipation of a break. I say ... nice try. They don't always work.