In Symmetrical Triangle patterns the breakout typically occurs 73-75% into the pattern meaning a breakout in either direction is imminent. Generally this pattern has a 54% chance of a breakout to the upside and a 46% chance of a breakout to the downside. Wait for a breakout of the triangle and a retest which should confirm the movement in either...
Scenario 1 - If Head & Shoulders pattern completes, probability of a a pull back to $23k-$24k is 51% (NOT 100%) Scenario 2 - If Head & Shoulders does not complete we may range between 'Support 1' (Pink) and $37k for a while Scenario 3 - If Head & Shoulders does not complete, and we have a sustained break out above $37k. We will likely go to the Target zone of...
Enter trade on break and successful retest of resistance line If trend line (pink) is broken. We re-test support. If support is broken. We go lower