Caught a nice inverse HVF pattern. Current following trend is downtrending so that gives a confirmation for a strong downside. . .BUT i also spotted compressing volume (potential for a strong pop in the upside or downside) and also a Bullish Divergence Pattern (indication of going to the upside).
Overall, price could break out either way. I have set 2 target points (Long & Short) in both directions so you would have an idea of what to expect depending on what direction the price breaks out in.
Use the Funnel and axis point as an indicator on when to get in and out of the market.
AND MOST IMPORTANTLY......don't forget to set your stop losses :)
Overall, price could break out either way. I have set 2 target points (Long & Short) in both directions so you would have an idea of what to expect depending on what direction the price breaks out in.
Use the Funnel and axis point as an indicator on when to get in and out of the market.
AND MOST IMPORTANTLY......don't forget to set your stop losses :)
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