We have a triangle pattern on 4hr time frame in development
There are a two possible scenarios: bullish and bearish.
My favourite view is we will have a move to upside as there is a monthly trendline I have marked as magneta color.
Wait for breakout first and enter trade with target as on chart.
Structure might change still as triangles develope long time often.
I will post update.
There are a two possible scenarios: bullish and bearish.
My favourite view is we will have a move to upside as there is a monthly trendline I have marked as magneta color.
Wait for breakout first and enter trade with target as on chart.
Structure might change still as triangles develope long time often.
I will post update.
Note
Structure has change slightly.Note
Pattern still validTrade closed: target reached
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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.