We saw good movement upwards from the last accending triange squeeze, a further squeeze upwards could result in a local Higher High
This would point towards the bottom having been reached, however if there is a strong rejection of the decending trendline, it could also point to a prolonged accumulation phase or further breakdown.
Target Up: 23.5k Trendline
Target Up Longterm: 26k Reversal
Target Down: 20k Retest
Target Down Longterm: 18k Retest
This would point towards the bottom having been reached, however if there is a strong rejection of the decending trendline, it could also point to a prolonged accumulation phase or further breakdown.
Target Up: 23.5k Trendline
Target Up Longterm: 26k Reversal
Target Down: 20k Retest
Target Down Longterm: 18k Retest
Trade active:
Triangle break up, observed! Target 23.5 active.
Trade closed manually:
Did not maintain, closed break even