H1 : Recent price action is triggering a triangle formation in progress, above the clouds A BREAKOUT CONFIRMATION WOULD IMPLY A MOVE OF 4'763 PTS 1) Bullish scenario Upside breakout + 4763 would give a target @ around 47'000 2) Bearish scenario Downside breakout + 4763 would give a target @ around 35'650 Watch carefully the MBB level, currently @ 40'795, which is slightly above the triangle support line. A breakout of that level on H1 closing basis would be the first signal calling for a downside triangle breakout. Check shorter time frame to get early additional signal (s) information. Have a nice trading day All the best Take care Ironman8848
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Triangle target @ 35'650 filled (intraday low being (so far !) 33'520... Update follow in a new analysis