https://www.tradingview.com/x/cLZHAtGc/
K1 and K2 break up the downtrend line of a potential bullish triangle pattern.
If K3 still stand upon the line,
It will be a valid break up.
On the other hand,
If the following candles close below K2 immediately,
K1 will be a fake up candle,
And the risk will sharply increase.
Long-33.4/Stop-33.08/Target-36
K1 and K2 break up the downtrend line of a potential bullish triangle pattern.
If K3 still stand upon the line,
It will be a valid break up.
On the other hand,
If the following candles close below K2 immediately,
K1 will be a fake up candle,
And the risk will sharply increase.
Long-33.4/Stop-33.08/Target-36
Note
K3 failed to close upon the upper limit of a potential triangle pattern.
It seems that the resistance is still effective.
And the following candles will consolidate around it.
If K3 start with a bull gap and close upon K2,
It will verify my previous expectations that another bull run will start here.
If not, the risk will keep increasing,
And the following candles even fall to test the support.
I will try to get out of the market if K4 couldn’t close upon K2.
Trade closed: stop reached
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.
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.