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Next stop/support should be around 159$
Critical support around 142-139
Whilst trade objectives are calculated by assuming and projecting a repeat of the initial up or down move, note that Bullish or Bearish triangles don’t always deliver a move equating to the full triangle height. Sometimes they undershoot. Sometimes they overshoot. And the triangle itself is not always a perfectly neat affair. What is most important is that overall pattern respects the general steps mentioned above.
Not for any Advise
Just an Idea and an update.
Critical support around 142-139
Whilst trade objectives are calculated by assuming and projecting a repeat of the initial up or down move, note that Bullish or Bearish triangles don’t always deliver a move equating to the full triangle height. Sometimes they undershoot. Sometimes they overshoot. And the triangle itself is not always a perfectly neat affair. What is most important is that overall pattern respects the general steps mentioned above.
Not for any Advise
Just an Idea and an update.
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