Short Term Analysis -
This is starting to form a potential bull flag / bullish consolidation with lower highs and higher lows with an apex on 1st November.
This would mean that the CME gap wouldn't be completely filled if this breaks to the upside.
- But be aware, that this 'flag' might also just be an underdeveloped parallel channel which is just being supported by the 25% line and heart-line. Furthermore, this would open the opportunity up for a test towards the bottom of the range upwards of 8600 to fill the CME gap.
If this moves breaks to the upside, there will be extreme volatility and will point towards a potential 20% gain, similar to the one we had before.
This is starting to form a potential bull flag / bullish consolidation with lower highs and higher lows with an apex on 1st November.
This would mean that the CME gap wouldn't be completely filled if this breaks to the upside.
- But be aware, that this 'flag' might also just be an underdeveloped parallel channel which is just being supported by the 25% line and heart-line. Furthermore, this would open the opportunity up for a test towards the bottom of the range upwards of 8600 to fill the CME gap.
If this moves breaks to the upside, there will be extreme volatility and will point towards a potential 20% gain, similar to the one we had before.
Trade closed: stop reached:
Invalid for the triangle. But falling channel still present.
