A little bit late on this one but I think it might do a fakeout and jump back in again. Forming a symmetrical triangle since 2 days back.
I'd call this more of an alert/attention call than a true trading call, but if it turns out to be a fakeout and it goes back into the triangle, we should try to aim to buy near the bottom. The green area is good entry point, dashed red line is where I would set a stop loss ( you can however go as far as 5% loss if you feel like it).
I'd call this more of an alert/attention call than a true trading call, but if it turns out to be a fakeout and it goes back into the triangle, we should try to aim to buy near the bottom. The green area is good entry point, dashed red line is where I would set a stop loss ( you can however go as far as 5% loss if you feel like it).