We could possible be in 2 different kind of pattern:
a bullish one, and this is the case of a FALLING WADGE (you can see in light blue), you can even considerate it as a bull pennant,
or a bearish one, and this is the case of a DESCENDING TRIANGLE if you se the S1 as a support of the triangle.
In any case they can possibly be broken up or down, so in the chart you can clearly se what I am waiting for to open a position
wait until the price broke the S2 support and retest it to open a short position or at least wait a daily close under the S1. take profit S3.
for the long I expect to see the falling wedge to be broken and retested, I'll take profit at 35500$.
More detail in the chart
a bullish one, and this is the case of a FALLING WADGE (you can see in light blue), you can even considerate it as a bull pennant,
or a bearish one, and this is the case of a DESCENDING TRIANGLE if you se the S1 as a support of the triangle.
In any case they can possibly be broken up or down, so in the chart you can clearly se what I am waiting for to open a position
wait until the price broke the S2 support and retest it to open a short position or at least wait a daily close under the S1. take profit S3.
for the long I expect to see the falling wedge to be broken and retested, I'll take profit at 35500$.
More detail in the chart