If this idea plays out like this it is going to be another repeat of the march fall to 3,500. In the short term we are looking at a drop to 10291 with a rise following that will take it to 11,700-12,000. We can see there is volume waiting on the books at that level which can only mean one thing. We have a symmetrical triangle within the overall pattern of a descending triangle. I have tossed this around a lot and this makes the most sense.
Do you agree? Comment what your thoughts are on this scenario and if you think that it is a viable pattern.
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Do you agree? Comment what your thoughts are on this scenario and if you think that it is a viable pattern.
If you like my content throw me a like and follow for more updates as more data comes in. I appreciate the support!
Note
Well this symmetrical triangle continued pumping here and unless it proves to be a premature breakout which I doubt this will do we got a good deal of upside to look forward to as on the month chart we are just out of the triangle
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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.