Drawn out a few outcomes on this chart sym triangles can break either way its at the top of a run so it looks bullish to me but it also is coming up on the resistance marker of the previous run in October and has yet to make a higher high from that run.... so TECHNICALLY is bearish. either way heres a few trend lines and support/resistance markers for you all.
Green is Bearish target with an extended target to the bottom the trend line...
Red is Bullish target of the triangle which breaks the trend of the LOCAL high and could retest the large upper trend line at a later date.
Best of luck traders hope this helps some of you :) Comment, Like, and discuss can only get better if you all challenge my thoughts/ideas.
Green is Bearish target with an extended target to the bottom the trend line...
Red is Bullish target of the triangle which breaks the trend of the LOCAL high and could retest the large upper trend line at a later date.
Best of luck traders hope this helps some of you :) Comment, Like, and discuss can only get better if you all challenge my thoughts/ideas.
Trade active:
first retrace of the triangle has completed.
Trade active:
trade still active looks to be forming a bear flag to continue down. has been rejected outside the Sym Triangle pattern for a few days now
Trade active
Trade closed manually