While VGI was forming Triangle pattern, we expect it would breakout up the triangle with uptrend. However, it chose to go down instead. Thus, we still use the pattern for trading in downtrend. The 1st Target price as Fibo P.61.8% of height of triangle is expected. We made the trading plan as the below chart. Good Luck!
Trade active
Trade 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.