There is a potenitial long or short opportunity here. I am leaning towards an expectation of a bullish trend continuation but only time will tell. It is always a good idea to have reasons for entry in both directions.
The plan is to wait for a breakout either:
- a bullish breakout of the flag pattern.
- a bearish breakout of the descending triangle pattern.
I have marked potential targets for both trades based on structure and fibonacci confluence.
Please follow and like for more ideas like this! Thank you for looking!
The plan is to wait for a breakout either:
- a bullish breakout of the flag pattern.
- a bearish breakout of the descending triangle pattern.
I have marked potential targets for both trades based on structure and fibonacci confluence.
Please follow and like for more ideas like this! Thank you for looking!