Price chart formed a 4-month-long symmetrical triangle with the lower boundary acting as support at 7720 levels. The lower boundary was tested several times over the course of the chart pattern. The daily close below 6336 levels confirmed the downside breakout from the 4-month-long symmetrical triangle with the possible chart pattern price target of 2520 levels.
Trade active
Updated stop-loss to intermediate (6H) high at 6135 levelsTrade closed: stop reached
Position closed for profit.
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Disclaimer
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.