I found REEF chart interesting! ( )
REEF is now stuck inside a range in the shape of a . And every new candle is making the range even narrower.
Well as per the textbook, a is a continuation pattern. But we all know that it can be broken on either side.
I am looking to add REEF to my portfolio, but before we buy, we want the buyers to prove that they are taking over.
As per my trading plan, I will be waiting for a daily candle close above the blue dotted area to buy. (and 0.055 for extra confirmation)
All Strategies Are Good; If Managed Properly!