lukatrade

Bullish wedge pattern validated on breakout

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
The pattern looks clear so I go long on break of a pennant with target at 5918 that is calculated from the impulse leg.
Not only did price not break down much when the small recent triangle broke down. it didnt even make a lower low. Then we preceeded to break a major trendline up + price rose 5-10%. That is very bullish!
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