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!
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out