Alikze »» PENDLE | Triangle corner pattern

🔍 Technical analysis: Triangle corner pattern

- According to the analysis presented in the previous post, after the inability to break the supply zone, it faced a correction and fell to the green box, which is currently a resistance to continue the path.

- Currently, a corner pattern is formed in the daily time frame.

- But now it can have two paths.

💎 First scenario: after a dynamic trigger retest, this failure can occur from the bottom and continue until the origin of the movement of the 3.90 correction range.

💎 The second or alternative scenario: if it can break the supply zone with buying pressure and retest the upper supply zone after hitting the dynamic trigger with a pullback to the supply zone.

🛑 Resistance range: 5.07 - 5.46

🟩 Support range: 3.90

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Комментарий:

According to the movement, more than 23 % of the supply zone has been modified according to the movement.
Currently, with the defeat of the 3.90 area, it can also touch the next 3.13 target.

Комментарий:

After the break of 3.90, it moved towards the next target of 3.13 range, which has corrected more than 38% so far.