Symmetrical Triangle Pattern is forming into 4h TF

15 дек. 2021 г.

Symmetrical Triangle Pattern is forming into 4h TF.

Breakout Target Would Be $109 more or less.

Comments would be appreciated.

15 дек. 2021 г.

Заметка

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 дек. 2021 г.

Заметка

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 дек. 2021 г.

Заметка

Nice retest has been done. Looking really good breakout.