Hello everyone!
My last chart didnt turn out as i thought it would, it's now clear that a ascending triangle almost fully formed.
This is making me lean more to the bullish side, however i would still argue to trade with caution because we have moved up on relative small volumes.
Typically, ascending triangles signals the end of a downtrend, a reversal.
I have set my self up with a smaller position to see where we break off to, wherever we move next will be decided today.
Good luck trading
My last chart didnt turn out as i thought it would, it's now clear that a ascending triangle almost fully formed.
This is making me lean more to the bullish side, however i would still argue to trade with caution because we have moved up on relative small volumes.
Typically, ascending triangles signals the end of a downtrend, a reversal.
I have set my self up with a smaller position to see where we break off to, wherever we move next will be decided today.
Good luck trading
Comment:
700 broken, lets see how much upside we have ahead of us, reaching 750 should be a breeze, 800 will be next major resistance.
Lets go!