Get ready for a decision. A long attempt off the bottom of the triangle with a tight stop may be worth the risk if this thing turns to go higher. If we fall out of the bottom of the triangle any kind of touch back to the bottom line would be a good short entry with a stop back inside the triangle.
No matter how you play it, good luck and protect yourself.
No matter how you play it, good luck and protect yourself.
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I put on a long off the bottom of the triangle looking for a retest to around 12K area. I'll probably bail early looking for a break out of the bottom of the triangle eventually. Of course, the situation is ever changing to be ready for anything.....
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I'm anticipating something like this....
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Flat - I got stopped out. I'm sitting on the sidelines waiting for better prices.