Chartology 101
I posted the HUI 60 minute Chart yesterday with the potential Bull Flag
Lets be aware …this pattern …as all do…has 2 potentials
1…..A Bull Flag. We can assign a high probability it will resolve to the upside (70% ish) as most patterns are “continuation” patterns….BUT there is a reasonable chance this is a Head and Shoulders Topping Pattern which will reverse the trend. Point is we don’t KNOW which way this will go but odds favor up.
Problematic for Bulls also is that Gap ! All gaps Must Fill ( eventually)
Great chart. Will keep a close eye on this. Thanks Fully.