- Textbook: [u]wait[/u] for breakout to [u]confirm[/u] trend.
- Careful not to FOMO as triangles might have fake breakouts.
- Higher timeframes = safer.
Not financial advise.
I am not an expert, just my opinion.
Feel free to share your views in the comments.
Note
Bearish flag pattern has started to form → bearish signal.Volume supports bearish flag pattern.
Anything is still possible → wait for trend confirmation.
Important resistance level to keep an eye for ≈ $1700 → if price breaks through we might go further up towards the ≈ $1800 resistance level.
Important support level to keep an eye for ≈ $1630 → if price breaks through we might go further down towards the ≈ $1300 support level.
Higher timeframes = safer.
Good things come to those who wait.
Good luck!
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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.
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.