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Breakout is imminent

125
Ascending triangle condensing the range, since the preceding price action is bullish a violent move towards the upside as it breaks short stops expected. It is likely that the gains will be retraced though in the 9500 - 9100 range.
Catatan
Well I obviously got the breakout imminence right, but the direction wrong :) I had a previous bias towards downward re-test as per
8920 for a long order, near term short
 and that order triggered now, Let's look at the new state of the world: cuplikan 8690 is likely given the momentum, there is some techincal damage done on the 4H/1D chart as well, but as long as 8400 - 8500 holds the recovery is still in sight a break below would 8300 would probably open the door to 7500. Im sidelined for now seeing how the consolidation works out on the current level.
Catatan
Note to self: regardless of ascending triangle if volume/momentum divergence is present, do not bet on the upside: cuplikan
SubZero
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Triangle

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Triangle
SubZero
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Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.