Symmetrical Triangle Pattern is forming into 4h TF.
Breakout Target Would Be $109 more or less.
Comments would be appreciated.
Breakout Target Would Be $109 more or less.
Comments would be appreciated.
Note
Also we have breakout with nice volume support. IMO it seems to be real breakout rather then fake out.
Let me know your thoughts.
Note
We can also expect downward sloping support retest. And that would be good indicator of successful breakout. One more factor we need to consider today would be fed meeting and stock markets.
In case, something goes wrong in there, then we can expect sudden downward pressure on price. And our symmetrical tringle pattern might get invalidated.
Thank you.
Note
Nice retest has been done. Looking really good breakout.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.