We started out with a gap up, which was nice. And we broke out of the Bullish Flag through its Trend Line. This was great while it lasted. But then price went back down through the Trend Line and closed at the 8ema, which is coincident with the 3ema.
We're left like the last 2 nights, sitting on the 8ema fence. But since we did breach the Bull Flag Trend Line for a while, we kind of paved the way for more upward movement. If we had that price action while making a new high on high stochastics, I'd interpret that differently, possibly as an exhaustion candle.
So, we stay in the trade and wait another day. What we want is another breakout and a close substantially above the Bull Flag Trend Line.
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