As we approach the apex of this descending triangle the chances of a breakout become much larger. The question is.... which way do we end up breaking? HTF Structure is lining up perfectly with current price action! open & close above the green box grants a greater edge for long opportunity & then we have to ask ourselves; perhaps we are in a completely new market bubble! There is also a weekly inverse head & shoulders pattern still in play!
Trade active
We're at a crucial decision point right now! Have you planned accordingly for the upcoming volatility?
Trade active
Confirmed breakout to the upside! Have fun my friends.
Note
Perfect reaction! Looking for longs from this point on! Even if the market does dip; I AM NOT looking for any sort of short exposure until a major edge is given
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.