Excepting a breakout to 13.986. We are downtrending currently but I see this playing out 2 ways. First: Simple way, We continue the dip no lower than the current low we have for the green lined pattern and have a test at the P.T. OR Second (Likely): We see the bottom to the trend at around 12.747 and begin an ascending triangle pattern play out into the night which more than likely send us straight to our price target. Updates coming on what the bigger picture could look like. (2 Hr Time Frame Analysis)
Either way though. I am opening position's at support.
Happy Trading!
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Have had a clean breakout over the 13.05 LoR! P.T. Here we come!