BA - Bear flagging on the daily timeframe

Boeing on the Daily timeframe seems to forming a classic bear flag pattern.

I am not short yet on BA for below reasons:

1. From the Daily chart, BA has formed Hammer at the bottom trendline - which may indicate a price move to the upside

2. There is another trendline(blue) - watching to see its reaction there

3. Need a clear confirmation on the breakdown (bear flag breakdown) rather than jumping now


Added BA to my watchlist with alerts in place

if we indeed breakdown, targets to the downside will be 170-160-150

PS: No position yet on the short side, as I am waiting for confirmation