Symmetrical Triangle Pattern is forming into 4h TF.
Breakout Target Would Be $109 more or less.
Comments would be appreciated.
Breakout Target Would Be $109 more or less.
Comments would be appreciated.
Comment:
We can also expect downward sloping support retest. And that would be good indicator of successful breakout.
One more factor we need to consider today would be fed meeting and stock markets.
In case, something goes wrong in there, then we can expect sudden downward pressure on price. And our symmetrical tringle pattern might get invalidated.
Thank you.
One more factor we need to consider today would be fed meeting and stock markets.
In case, something goes wrong in there, then we can expect sudden downward pressure on price. And our symmetrical tringle pattern might get invalidated.
Thank you.
Comment:
Nice retest has been done. Looking really good breakout.
IMO it seems to be real breakout rather then fake out.
Let me know your thoughts.