A clear ascending triangle is forming on the 4h chart (bullish sign).
Price action should be carefully watched from now to December 17th (end of the triangle) to see if a break to the upside is happening.
Price action should be carefully watched from now to December 17th (end of the triangle) to see if a break to the upside is happening.
Trade closed: target reached:
Update: Price action has broken the ascending triangle's resistance as anticipated, and continues its upward momentum.
Comment:
Update: Price action has broken the ascending triangle's resistance as anticipated, and continues its upward momentum.