Bulls are coming out. Update #1: Don't get too excited.
Everything worked as I had predicted (see the related idea).
At present, there should be a correction after the failed breakout of the main resistance line (green). If you zoom, you will see an evening star forming, so there is a great possibility of short-term downward movement. Moreover, the bat like this is a signal of downward reversal: myforexmagicwave.com...AT-with-3-trades.jpg
And what is gonna be next? Hard to say. The real breakout is possible, because we are coming to the end of the triangle. But for now - let's see what the future brings.
At present, there should be a correction after the failed breakout of the main resistance line (green). If you zoom, you will see an evening star forming, so there is a great possibility of short-term downward movement. Moreover, the bat like this is a signal of downward reversal: myforexmagicwave.com...AT-with-3-trades.jpg
And what is gonna be next? Hard to say. The real breakout is possible, because we are coming to the end of the triangle. But for now - let's see what the future brings.
