Flag pattern on NG hourly chart
As seen in the chart, there is flag pattern developed. In this case the trend is expected to continue when the price moves above the upper trendline. No need to say that, " it is bullish pattern or continuation of the trend."
Update 1, 09.09 pm ( India )
As seen in this chart, there is length of flagpole shown, which is around Rs 14. As a rule of flag pattern , flag top + flagpole length = 207. So this pattern shows the tgt of Rs 207.
Keep in mind that NG is too much risky commodity to trade.
