This type of reversal is one of the best. A giant triangle means equilibrium (ok, bears were a bit stronger) but they got their star moment yesterday now the path is clean: news coverage is low, stability means low interest, lots of crowd has been fooled during the sideways. So the market has all the odds to make a killer move up.
Right now it would be good to make some sideways pattern for a day or a couple. The move will not be as straightforward as an arrow on the picture since there some resistance but the idea is clean as a glass. The final exhaustion leg down finished the previous pattern and the stage is set for 40k.
Well, I am gonna trade small triangle with 33200 PT firstly, then correction or sideways and leg up finally.
Right now it would be good to make some sideways pattern for a day or a couple. The move will not be as straightforward as an arrow on the picture since there some resistance but the idea is clean as a glass. The final exhaustion leg down finished the previous pattern and the stage is set for 40k.
Well, I am gonna trade small triangle with 33200 PT firstly, then correction or sideways and leg up finally.
Trade closed: target reached:
Ideal pattern resolution
