Breakout of descending trendline with triangle consolidation:
Minimum objective historical maximum 8.8$
Minimum triangle objective 9.5$
Maximum triangle objective 11.3$
Minimum objective historical maximum 8.8$
Minimum triangle objective 9.5$
Maximum triangle objective 11.3$
Comment:
6.6 Can be a good entrance point if we are not in yet
Comment:
After the actual correction uptrend should be restored. Inversed H&S forming in 5min candlestick.
Comment:
7.5 seems an intermediate resistance
Comment:
We've reached 9.5 to the tick :)
First objective completed.
First objective completed.
Comment:
We're approaching our maximum triangle objective at 11.3$, be aware with a close take profit just in case it turns around, in order to not lose all won.
If we break that level with fierceness, you can leave half of the position with a close stop loss.
Good luck and enjoy the ride
If we break that level with fierceness, you can leave half of the position with a close stop loss.
Good luck and enjoy the ride
Comment:
Almost got our maximum objective. Use stop profit at 9,6$ until we reach 11,3$
Trade closed: target reached:
Ding dong! Take profit reached.