A few days ago, I thought the price sketched a rectangle. However, experts say it is a triangle and so I agree with them. My thoughts are that the triangle could make a fake breakout on the upside and then dip fiercely towards the lower bound and break it.
I think we will be out of the triangle in the very first days of January 2022.
I think we will be out of the triangle in the very first days of January 2022.
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Looks like the bears are trying to push the price to the lower bound of the triangle.
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The price broke the upper bound of the triangle. Well, we could hope that is a fake breakout and the pattern is still intact.
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The PA is very volatile, now that it is at the point of making a serious breakout.
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Happy New Year :)
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It looks like the price broke significantly the upper bound of the triangle on the very last day of the year. There is a tiny chance for the price to retest the upper bound, otherwise, it could continue going up by another 100 pips.
