Simply a Retest. Nothing to worry about.
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In case you were unaware, or currently have trouble remembering at times.
There is always a retest. Never Fomo in the middle of a price run up.
Calmy look at the chart, any significant pattern break out will require a minimum of one retest. Larger the pattern, the more retests it requires.
What counts as a retest area is usually the MIDDLE of its channel, or the TOP of the previous High point/Breakout. Whichever finds the most support.
There is always a retest. Never Fomo in the middle of a price run up.
Calmy look at the chart, any significant pattern break out will require a minimum of one retest. Larger the pattern, the more retests it requires.
What counts as a retest area is usually the MIDDLE of its channel, or the TOP of the previous High point/Breakout. Whichever finds the most support.
Ghi chú
On the one minute chart, for a better view.Ghi chú
Something to be aware of. I always at first look at charts in a breakout/retest point of view.
Currently, all this Macro action is nothing more than a retest before another jump to the upside.
Ghi chú
This can also be viewed as a breakout from a lower channel onto a higher channel.In this scenario, Further down in the year, after the breakout pump to the upside. We will need to see a crash back down in order to retest this zone.
I actually see the previous crash from its ATH as the come down after the breakout and we are currently on the retest. Very Bullish, either way.
Ghi chú
Ghi chú
Update Still relevant
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Update, Triangle still playing out.Nothing new, nothing scary.
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