A Cup of TRIAS tea anyone?
Updated
Price attempting to break out above a massive resistance level of $4. We don't have acceptance yet but a retail "cup and handle" pattern is in play with a technical target of $5-$5.25, which also lines up with levels of interest from over 18 months ago for me.
My options are:
A) get acceptance above $4 and floor it to $5
B) A is invalidated if price gets rejected and will look at the yellow dotted ascending trend line and green circle 🟢 to plan my next move.
HUGELY bullish if it gets above $4.
My options are:
A) get acceptance above $4 and floor it to $5
B) A is invalidated if price gets rejected and will look at the yellow dotted ascending trend line and green circle 🟢 to plan my next move.
HUGELY bullish if it gets above $4.
Comment
Congratulations if you were following and caught this one. although the $5 target did not get hit, there was still plenty of meat in the trade to get out of it.I want to see price now come down to $4 and see how it reacts, that is a very strong area of interest and if it can hold it should start the next leg to move higher.
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