Symmetrical Triangle Pattern is forming into 4h TF

15. Dez. 2021Symmetrical Triangle Pattern is forming into 4h TF.

Breakout Target Would Be $109 more or less.

Comments would be appreciated.

15. Dez. 2021

Kommentar

Also we have breakout with nice volume support.

IMO it seems to be real breakout rather then fake out.

Let me know your thoughts.

15. Dez. 2021

Kommentar

We can also expect downward sloping support retest. And that would be good indicator of successful breakout.

One more factor we need to consider today would be fed meeting and stock markets.

In case, something goes wrong in there, then we can expect sudden downward pressure on price. And our symmetrical tringle pattern might get invalidated.

Thank you.

15. Dez. 2021

Kommentar

Nice retest has been done. Looking really good breakout.