In late Dec to early Jan, there was a formation of a symmetrical triangle. After which price shot up.
Today, we can see a similar symmetrical triangle formation where the price has broke out of. We can expect more upside from here based on the previous price movement.
2 entry points: Entering when market opens (higher risk), or wait for a retest against the triangle (lower risk, but might not happen).
Stop loss: ~11, slightly below triangle.
Today, we can see a similar symmetrical triangle formation where the price has broke out of. We can expect more upside from here based on the previous price movement.
2 entry points: Entering when market opens (higher risk), or wait for a retest against the triangle (lower risk, but might not happen).
Stop loss: ~11, slightly below triangle.