But now there's a even more important pattern doing very well; the is actually stronger than the Triangle and this pattern can be considered as a long-term Accumulation phase after the big downward trend finished at the beggining of 2016.
What do i think it's gonna happen now?
Well, i think that price is going to break the resistance of the Triangle (the red line) and retest the resistance of the channel. In my opinion, the probability for it to break the long-term support (green area) is very low and just in the case it will, the area around 15 can be used as a new .
Sky is not the Limit
The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.