I'll keep it sweet and short. As you can see we are nearing the end of the triangle pattern. I'm expecting a move soon.
Be ready for both scenarios because these kinds of patterns are usually sign of market trend continuation. The general trend is the lower red line which has formed over the past view months.
Because all the indictors are showing an exhausted market, I think we will see a pullback to at least one of the two red trend lines and perhaps to the 5500 area.
Please take into account that there is market manipulation and that these people don't care about what the indicators are telling us.
Be ready for both scenarios because these kinds of patterns are usually sign of market trend continuation. The general trend is the lower red line which has formed over the past view months.
Because all the indictors are showing an exhausted market, I think we will see a pullback to at least one of the two red trend lines and perhaps to the 5500 area.
Please take into account that there is market manipulation and that these people don't care about what the indicators are telling us.
Comment:
Bullish breakout going on. Stop hunt? Let's see how this is going to work out.
