$TRUMP Spotting a Bearish Flag for Trump Media (DJT)
A bearish flag pattern for Trump Media & Technology Group (DJT) is a technical formation signaling a high probability that a sharp decline will resume after a brief consolidation, often reflecting fading bullish sentiment.
This pattern forms after a steep drop—the flagpole. The consolidation appears as a slight upward or sideways drift on low volume, indicating weak buying interest and a lack of conviction to reverse the trend.
The pattern is confirmed by a decisive breakdown below the flag’s lower support trendline. This breakdown typically occurs on rising volume and projects a further decline roughly equal to the height of the initial flagpole.
Ultimately, this pattern warns that the asset's downtrend remains dominant, and the consolidation period is likely a pause before selling pressure intensifies.$PIPPIN $POWER
