Wait for this daily small correction to previous resistance to buy. As we can see on the graph, there is a shoulder head shoulder pattern in an ascending trendline, which is a very bullish sign.
It has break resistance and it is consolidating it as a new support. Plus RSI 4H and 1D has break trendline. RSI 1W shows correction has ended and its going up again.
As we can see, this is the perfect and clearest example of a inverted shoulder-head-shoulder pattern. Plus, we have an ascending triangle at the 4H timeframe.
This is clearly the kind of market we need to wait to see what happens before trading.
We can clearly see a very strong bullish pattern as the ascending triangle, but also a big bearish pattern as the shoulder-head-shoulder pattern.
I would wait for comfirmation, if it tastes the support and we see price rejection, it will go long, if it breaks the support it...
As we can see, first ascending triangle broke, as i expected. Now waiting for the second triangle to break.
The takeprofit level should be at fib level .61, which looks great, because it does also intersect with the spiral. Its looking great.
The only risk is that we already are at fib level .38 - .5, which is an important one , if it goes up to .5, it will go...
As we can see on the chart, ascending triangle just broke. RSI and Stochastic are going up with it, I expect it to go up to the resistance, from there it might go up or down. We will see.
As we can see, it has consolidated inversly as it did on october-november 2020. If thats not enough, its obviously a double top.
It will break on the weekly trend line, and will go up from there on.
Those are my predictions, by no means i sugest anyone to trade based on this idea.
