Symmetrical Triangle after broke down, short term retracement
We actually just broke down bearish wedge and create new bearish pattern.
Indicate shorterm retracement at least to green area.
If green support area hold the price, we could make a perfect cup and handle pattern on daily chart.
Also on the daily chart, we successfully create golden crossover between 50 & 200 MA.
So, on a bigger scale. We're still in bullish if above scenario fulfilled.
Indicate shorterm retracement at least to green area.
If green support area hold the price, we could make a perfect cup and handle pattern on daily chart.
Also on the daily chart, we successfully create golden crossover between 50 & 200 MA.
So, on a bigger scale. We're still in bullish if above scenario fulfilled.
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