What do you think about the ascending triangle formed on the 4h chart?
The volume fits the scenario as well (dying off, followed by a big move on expanding volume near the end)
@Like2Move, After that, everything will be determined by this symmetrical triangle on the daily chart (notice how the volume is also reducing towards the end of it). Here it's 50/50 of where the price breaks out.
Like2Move
⋅
@eyupium, a break up of little trangle do not guarantee bullish bias. Need to overcome 8200.
eyupium
⋅
@Like2Move, Of course. I wasn't saying the main trend will reverse to bullish. Actually, in my view, the trend won't be bullish until the price breaks out of this big triangle on the daily chart.
But the small ascending triangle has targets up to 8122, so it's a short-term trade.
The volume fits the scenario as well (dying off, followed by a big move on expanding volume near the end)