SAW A POSITIVE BREAK OUT ON THE FIRST CONVERGENCES ON THE MICRO LEVEL (LEFT RED TRIANGLE)
THEN A NEGATIVE BREAKOUT OF THE SECOND CONVERGENCE. THE TOP BORDER OF THE TRIANGLE WAS MORE HORIZONTAL WHICH MEANS A GREATER RESISTANCE AT THAT LEVEL, SO A NEGATIVE BREAKOUT WAS EXPECTED.
ZOOM OUT TO THE 15 MIN, ANOTHER INCOMING CONVERGENCE. IT'S BEEN RESPECTING THE BORDERS NICELY SO FAR. IF ALL GOES WELL, IT SHOULD CONTINUE THE UPTREND.
GO NANO!!
DISCLAIMER: I'M RELATIVELY NEW TO TRADING AND I'M LOVING IT AND LEARNING AS MUCH AS I CAN. PLEASE READ THIS WITH THAT IN MIND. THANKS :)
THEN A NEGATIVE BREAKOUT OF THE SECOND CONVERGENCE. THE TOP BORDER OF THE TRIANGLE WAS MORE HORIZONTAL WHICH MEANS A GREATER RESISTANCE AT THAT LEVEL, SO A NEGATIVE BREAKOUT WAS EXPECTED.
ZOOM OUT TO THE 15 MIN, ANOTHER INCOMING CONVERGENCE. IT'S BEEN RESPECTING THE BORDERS NICELY SO FAR. IF ALL GOES WELL, IT SHOULD CONTINUE THE UPTREND.
GO NANO!!
DISCLAIMER: I'M RELATIVELY NEW TO TRADING AND I'M LOVING IT AND LEARNING AS MUCH AS I CAN. PLEASE READ THIS WITH THAT IN MIND. THANKS :)