A breakout happened earlier around 5:30pm touching 91.2k right after the breakdown to 88.6k.
It went straight back into isometric triangle formation, and is continuing to coil.
A break out up or down is expected before 2pm UTC+1 on the 24th.
Break UP : 91.2k retest, new range 90-91k
Break Down : 89k retest (a 1H/4H close above 89k is mandatory to regain short momentum).
If 89k fails then will highly likely be retesting 21st Nov ascending support (yellow) around 88.6-88.4k for a bounce.
If bounce fails, then 87.6k retest (light red under yellow line)
It went straight back into isometric triangle formation, and is continuing to coil.
A break out up or down is expected before 2pm UTC+1 on the 24th.
Break UP : 91.2k retest, new range 90-91k
Break Down : 89k retest (a 1H/4H close above 89k is mandatory to regain short momentum).
If 89k fails then will highly likely be retesting 21st Nov ascending support (yellow) around 88.6-88.4k for a bounce.
If bounce fails, then 87.6k retest (light red under yellow line)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.