SIMP in two perspective

Mar 9, 2022SIMP in the weekly timeframe looks like there are two patterns there. The first pattern is like a symmetrical triangle where the price has broken out of the triangle and will continue its rise. The second pattern is the bearish crab. The bearish crab is a harmonic pattern where the last rising phase can cross the previous 'previous high'. You can 'search' for other harmonic patterns, and currently there is a minor weakness which means there is a good opportunity to consider it.

#Disclaimer: Not a suggest to buy or sell