Comments on the chart. The triangle pattern is a time-wasting and consolidation structure. A breakout from usually leads to an impulsive move that could move very quickly. This breakout is likely to define where the world stock markets will go in the near future
Comment:
Price is nearing the upper boundary of the triangle near the apex. No breakout yet. And price is still between the 2 yellow lines
Comment:
Price has broken out of the triangle structure. The D price point has not been breached yet so while this looks bullish my bullish breakout has not been hit. So the waiting continues
Comment:
Price is touching the upper breakout point right now. Will wait for a clear breakout and settle above the area before committing. Until that happens price could still dive
Comment:
Price created a possible false breakout scenario today. Don't you hate it when things are not straightforward? We have a confirmed inverse hammer on the chart. Price could fall from here. I can only get long now if 25000 is taken out.
Comment:
Price is surfing just under the resistance area after a false breakout. As said before I cant get long till 25000 has been taken out
