A lot of traders are discussing this possibility right now and there's no doubt that the pattern does look very real. But is it really going to complete and play out? For sure worth considering and staying cautious as we are nearing top of the triangle.
Order cancelled
Broke out of the triangle, looks bad for shorts.Note
Back at the bottom of the triangle. There was no follow-through on the breakout.
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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.