If triangle is broken and confirmed above, the target would create a new Higher High If it breaks below, the target would be exactly at the bottom (neckline) of the right shoulder (SHS pattern on 4H chart)
If triangle is broken and confirmed above, the target would create a new Higher High If it breaks below, the target would be exactly at the bottom (neckline) of the right shoulder (SHS pattern on 4H chart)
Nice breakout of the descending channel + Nice breakout of a triangle A entry B SL C sale out 50% of profits D Target
Potential breakout play on 15min
A closes above triangle B retest breakout C entry D 50% scaling out E TP
Potential trade on a short time frame
Not a prediction but a projection of previous patterns to spot potential entry points.
A : Entry long B : 50% scale profits C : Target I would wait for a breakout confirmation Disclaimer : Not a trading advice of any kind, it's only charting of potential scenario based on "proven" patterns.
Very interesting pattern to monitor on 1H chart. Top breakout could lead to 36.8k level.
If triangle is broken and confirmed above, it could lead to 44K If triangle breaks under and 26K is reached, it would make a new lower low confirming a bearish trend
If triangle breakout confirmed (4H candle closes above) : Open position @A Target / TP @B