Chart speaks for itself,
We are coiling up in an ascending triangle - usually a continuation pattern when in a macro trend ( bullish in this case)
- Confirm breakout when price leaves wedge in either direction
- As you can see,,the short play on this has a target profit less than that of the bullish scenario - this is because we are in a bull market, don't short sell in bull markets!!
We are coiling up in an ascending triangle - usually a continuation pattern when in a macro trend ( bullish in this case)
- Confirm breakout when price leaves wedge in either direction
- As you can see,,the short play on this has a target profit less than that of the bullish scenario - this is because we are in a bull market, don't short sell in bull markets!!
Comment:
Nailed