Price continue with this stubborn Symmetrical triangle. The symmetrical triangle pattern is notoriously difficult to predict. It depicts a situation where supply and demand have reached equilibrium.
Taking a close look on the pattern been painted within the triangle we has series of falling wedge pattern forming and each time price breakout of these falling wedge it proceed to form a typical Bull flag which perfectly so far been painted currently on the chart.
In addition to this we also have a potential ISHS been painted right now also with targets shown on the chart.
Taking a close look on the pattern been painted within the triangle we has series of falling wedge pattern forming and each time price breakout of these falling wedge it proceed to form a typical Bull flag which perfectly so far been painted currently on the chart.
In addition to this we also have a potential ISHS been painted right now also with targets shown on the chart.
Trade active:
Spotted identical Bull flag on daily timeframe with price already break out from the flag and doing a re-test. We need to have close look on daily candle to see how that develop.
Trade active:
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Trade active:
This is basic triangle outlook, let see how this develop.
Trade closed manually:
Idea failed
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