#IMX Waiting to exit the triangle corner pattern

It is moving in a medium-term ascending channel, which is currently in the support range and with the construction of lower ceilings, we should probably see a decrease to the specified levels, and then, if confirmed in the specified ranges, it can again raise the ceiling. Re test.
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Support at the bottom of the channel and breaking the dynamic trigger towards the target. 2.14 Support zone to continue the upward path.

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And Now, Trail Stop.

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Note that if the blue bar is broken, we will temporarily enter the reverse position after confirmation.

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2.12 failure, the corrective path will be smoothed up to $2 and you can enter the reverse position

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In the area of the blue band, it is suffering and it is successively selling and buying candles, which shows the lack of decision. Despite the flag pattern, one should wait for it to exit the channel or flag and then enter the buy continuation position.

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Exiting the flag pattern....

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Good reaction...

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And now...

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The target was touched. If this analysis was useful, support us with like and comment.
It will be updated soon.

alikze

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alikze

Also on:

Related publications

#IMX

by alikze

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by alikze