As it can be clearly observed from the chart, the price has formed a triangle pattern. If it manages to close above the upper boundary of the triangle, we will be going long. On the opposite, if the price closes below the lower boundary, we will be going short and aiming for the area plotted out on the graph.
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.
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.