Looking for a breakout of the small triangle holding pattern.
Possible sweep of Monday low and a move into the June low at 17.5k for a possible completion of Wave 5 of 5.
Not a lot of upside even if it works out.
Possible sweep of Monday low and a move into the June low at 17.5k for a possible completion of Wave 5 of 5.
Not a lot of upside even if it works out.
Note
That was fast. Triangle breakouts usually gets faded. Now that it breaks up first instead of down, be cautious.
Trade active
Taking a shot at Long trade here.SL is wider as buffer in case price runs another low.
Trade closed manually
3 possible scenarios here, and approaching weekend. Closed.
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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.