Bullish market with two scenarios:
Scenario 1: Price can not break R1...it may touch it and then pull back to the support line...then moving up.
Scenario 2: Price can break R1 and grow to R2...then it may pull back to R1 which plays support role now and then moving up again.
The Symmetrical Triangle has been broken out to the up and then pulled back...most of the time, price will continue its’ previous trend after breakout...waiting for the price to close above the resistance line to enter long. It may take more than a day...set a buy stop is a good idea in situations like this.
Hello everyone, as you see we have strong support and resistance lines here which means when any of them breaks, it might be a strong trend as well. Which direction do you think it will goes? Plz write your comments.
Is this only me who sees triangles everywhere or u r also same?!😂🤦🏻♀️ Anyways...we have a big triangle here which can be broken out any time in any direction!...keep it in your watchlist we’re gonna have a good trend ahead but maybe in long term.