In my trading education I have learned that certain features work in trading/investing and others don't and it is useful to be able to differentiate these 2 categories. First, price action is always king. Price is always right whether it is low or high and it is an accurate reflection
of where the market feels an asset should be priced at any given time.
Chart...
Update to previous chart published. Sides of triangle have been redrawn. Bounce off .618 fib. level at 12500.
Not intended as financial advice. Do your own due diligence.
Symmetrical triangle is being formed with 4 touches of the walls. The breakout should be on the 5th touch. Upward breakout target is 30k area by fibonacci analysis assuming a continuation of the uptrend. Wait for breakout.
