In our previous analysis we spotted this symmetrical triangle but it eventually break down. After multiple rejections at the trendline resistance, price action formed a symmetrical triangle, leading to a bearish breakdown. However, momentum has shifted, and the market is now attempting a breakout from the key resistance zone.
Patience is key, let’s see how price reacts!
Patience is key, let’s see how price reacts!
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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.