After that the price couldn't go up enough to get to the upper level of triangle and it came back too soon, so there is enough potential for the candles to break down the triangle ... Tp1: 35300 Tp2: 35500 Sp:37960
After that the price couldn't go up enough to get to the upper level of triangle and it came back too soon, so there is enough potential for the candles to break down The triangle ... Tp1: 35300 Tp2: 31500 Sl: 37960
As you see, we have both fibo level breakout (37500) & head and shoulder pattern ..., also the candles after breakout have shown enough energy to breakdown all the weak resistances in their way. So, the 34000 as our target is absolutely accessible.
TP1: 34000 SL: 37800
In 4h Timeframe after breaking the descending channel and completing the full back, you see that the market did'nt have enought potential to break M.A100 and also the roof of como cloud (56.3K), so the price started bearish trend on the top of the previous broked channel and it seems it'll go down in the red cloud untill strong support (51K).
it's seem's that after a short correction we're going to break the midline of the green channel & going to have the ceiling of the channel. you can see TP1 & TP2, also how the concept path of the market goes up...