Hello everyone!
My last chart didnt turn out as i thought it would, it's now clear that a ascending triangle almost fully formed.
This is making me lean more to the bullish side, however i would still argue to trade with caution because we have moved up on relative small volumes.
Typically, ascending triangles signals the end of a downtrend, a reversal.
I have set my self up with a smaller position to see where we break off to, wherever we move next will be decided today.
Good luck trading
My last chart didnt turn out as i thought it would, it's now clear that a ascending triangle almost fully formed.
This is making me lean more to the bullish side, however i would still argue to trade with caution because we have moved up on relative small volumes.
Typically, ascending triangles signals the end of a downtrend, a reversal.
I have set my self up with a smaller position to see where we break off to, wherever we move next will be decided today.
Good luck trading
Note
Please note that ascending triangles are regardless of anything - continuation patterns, take that into account that the recent long term trend has been a decline, but I’m givning this formation a bullish star.Lets go!
Note
700 broken, lets see how much upside we have ahead of us, reaching 750 should be a breeze, 800 will be next major resistance.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.