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long term: ascending triangle
Short term: price is still held in a triangle formation. a break on the downside seems more attainable.
scenario 1: break lower
sell after retset of 71.8 into support below
look for buy confirmations around the support region
scenario 2: break above
I would wait for a retest of of triangle
long till first target (once achieved reduce position size)
Short term: price is still held in a triangle formation. a break on the downside seems more attainable.
scenario 1: break lower
sell after retset of 71.8 into support below
look for buy confirmations around the support region
scenario 2: break above
I would wait for a retest of of triangle
long till first target (once achieved reduce position size)
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