Good morning all. After we had a breakout of the descending wedge we made it up to the measured move off the pattern and began consolidating as expected. Although price did not get as low as hope for it seems we are now are printing a neutral/continuation symmetrical triangle with 2 possible breakout targets. The upside target is back at the previous high made at $10,460 and the break down target back at the descending wedge at $10,190. Considering the weekend and thin order books one should be extremely cautious as to not get stopped out and wait for a decisive move to be made.
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.
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.