Markets will have surprises - readiness matters !!
Price was moving on a trend line and it was expected to take support for the one last time before fall, but it went down straight away.
If we consider the triangle pattern price should have taken support and move towards the top of the triangle and breaks up else it should come down and break down, but it breaks down excluding both the move.
From the above analysis it is clear that market will always surprises us, we cannot expect the price to move exactly on the patterns sometime it may derail before reaching the destination.
If we consider the triangle pattern price should have taken support and move towards the top of the triangle and breaks up else it should come down and break down, but it breaks down excluding both the move.
From the above analysis it is clear that market will always surprises us, we cannot expect the price to move exactly on the patterns sometime it may derail before reaching the destination.