A clean Bullish Flag often precedes a big move. Validate your entry.
Bullish continuation if preceding move was up.
Reversal pattern. Price likely to break downwards.
Indecision. Widening then narrowing range.
CF is showing interesting structural developments at $118.96. With a last close of $118.96, volatility remains active (-2.24%). Price action has carved out a classic Diamond. Volume is average (0.58x avg) with moderate trend strength (17.5). A potential breakout level is identified at $141.96, targeting $183.51 with support near $121.19 (R:R 2.0).
What is your outlook on CF?