Market formed a falling wedge
pattern which leads to breakout to the upside, falling wedge
is outlined by pink lines in chart. This upside breakout should keep within the boundaries of the rising wedge
pattern forming in the 30 MIN view which is outlined by yellow lines in chart and is yet to breeakout to the downside as expected from this pattern rule. Also created chart for 30min pattern view.
Do set stop losses when trading but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire. IF YOU SUPPORT MY IDEAS THEN LIKE, FOLLOW & SHARE.