I'm reading "Technical Analysis of the Financial Markets" by John Murphy. Per his book, symmetrical triangles are usually a continuation pattern but a measured move would put us below 0 (along with my ETH idea). They usually break out between 2/3 and 3/4 of the width of the triangle (shown with vertical green lines).
What are your thoughts?
What are your thoughts?
Comment:
We could still break out to the upside with a retest of the trendline. Need lots of buyer volume to push us through to next resistance at $11,775. So far, looking like the bears are in control.