Short

Coming back to the last triangle breakout

Updated

We have had lately plenty of triangles. More often then not the price will eventually come back close to the origin of a breakout.

Note

Took longer time then expected.

If the current move down will morph into the 5 waves, we are on a good way to reach the stated target:

Trade closed: stop reached

The correction was over before reaching the last origin of the triangle.

Looks like we will have to visit this level later, after the complete advance in BTC is over.

ravno_108

Also on:

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.