Symmetrical Triangle Pattern is forming into 4h TF

15 thg 12, 2021

Symmetrical Triangle Pattern is forming into 4h TF.

Breakout Target Would Be $109 more or less.

Comments would be appreciated.

15 thg 12, 2021

Ghi chú

Also we have breakout with nice volume support.

IMO it seems to be real breakout rather then fake out.

Let me know your thoughts.

15 thg 12, 2021

Ghi chú

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.

15 thg 12, 2021

Ghi chú

Nice retest has been done. Looking really good breakout.