Triangle Formation, Breakout Soon

Updated

We have a triangle formation in the chart and we are getting near the end so we should get a breakout to either side in the next few days.

Note

we got a breakout to the downside, now its likely to go all the way down to 9.5k. The only caveat is the strong support around 10.3k, you could still have larger triangle in play here but that is less likely in my opinion.

Note

breakout to downside confirmed, next target 8.5k

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