hello all here we see gj is starting a clear long pattern. to hit the upside 618 fib to give a two time hit of the top and bottom symmetrical triangle or pennant if you like that. i have used mfi, support and resistance, a special cot indicator, triangle pattern, and double bottom for my theory. Therefore as the triangle is tightening we may only see a move to the 6.18 so we need to be careful on this trade. if it breaks out it will only be in my opinion to form a lower high and to add resistance areas. we will need to see a clean break for a long term long or short before we get crazy.
HAPPY TRADING.
Trade closed: stop reached
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we are out of this trade and on the short term short