In this Chart we see a Symmetrical triangle which tells us the Breakout is approaching.
The main question in this case where to? Well, very often this pattern is considered as a continuation pattern, and the last downtrend line prompts us the next direction where price will go. But I would not recommend to hurry and make some quick conclusions. There is no single pattern that is working 100%.
So our only way is to wait for the Breakout to be confirmed and use the opportunity to catch the movement!
Please give your feedback and share your ideas! Also hit the like button, in case you like this idea and subscribe to the Channel in order not to miss new ideas and signals.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
The main question in this case where to? Well, very often this pattern is considered as a continuation pattern, and the last downtrend line prompts us the next direction where price will go. But I would not recommend to hurry and make some quick conclusions. There is no single pattern that is working 100%.
So our only way is to wait for the Breakout to be confirmed and use the opportunity to catch the movement!
Please give your feedback and share your ideas! Also hit the like button, in case you like this idea and subscribe to the Channel in order not to miss new ideas and signals.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
Comment:
The Breakout is Confirmed!