Either way, unless something changes looks like positive developments
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triangle breakout consolidated and invalidated upward parallel channel still in play but high risk if it does not rebound soon
Trade closed: stop reached
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both the triangle breakout and upward channel was hit (broken) turned bearish when it dropped below 8.74
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had my attention somewhere else and hindsight is 20/20
but wanted to point out a classic case of whiplash here very common in trading (and crypto) and something you just have to live with, learn from and move on
the previously identified level was reclaimed (8.74), retested, confirmed and off it went
@elkadro, interesting indeed
overall bullish though since the most it stays in the area the possibly stronger base when it breaks out (of course it can go down which would even be a stronger signal - strong weakness if it resolves where it generally shouldn't)
the new triangle does look common and supports the other idea that this may be an upward parallel channel