StevenAbreu
Trend reversal trade setup forming. I'm using the break of the green down trend as my entry. risk will be determine later.
Symmetrical triangle has been broken, a fake breakout happened fallowing by a breakout to the upside, If 8,700 support level holds we will be seeing prices at 10,000 soon fallowing by 11,800
symmetrical triangle has form, there is no clear trend or direction in the price. Price is bound by two slanted support and resistance lines. Once the price reaches the apex of the the triangle, a breakout typically occurs but its direction is unknown. must pay attention to possible false breakout. Now must wait for the price to breach the triangle boundary and...
The Symmetrical triangle has breakout, now wait to retest to avoid a false breakout, spike up to $255