This formation biases to the upside and rarely fails to follow through once it has made a move outside the price levels. I am looking for a daily close outside the price lines highlighted. a Confirmed breakout would be above 122 or below 118 on a Closing basis. This is a price only indicator. Use stops.
I will likely cushion the lower flag line by an extra point because of my bias to the upside and the possibility the flag continues the trend longer before breakout (within the red lines).
I will give price projection once we see if we get a kissback to the trendline after a confirmed breakout. A kissback would have me double my position and look for slighly less total upside (or downside).
