Here we are looking at the 240/4hr chart. I am seeing price make a push higher from a previously well respected support zone and a possible triangle pattern forming after pushing down from previous highs.
Currently we're waiting for bears to push the price down either to the bottom of the triangle pattern, or breaking out to the highs for entries higher.
Plan for bears is to sell back into the triangle and in current resistance.
Plan here for bulls is to look for entries at a better price breaking this pattern, or into the highs.
Currently we're waiting for bears to push the price down either to the bottom of the triangle pattern, or breaking out to the highs for entries higher.
Plan for bears is to sell back into the triangle and in current resistance.
Plan here for bulls is to look for entries at a better price breaking this pattern, or into the highs.
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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.