As we approach the apex of this descending triangle the chances of a breakout become much larger. The question is.... which way do we end up breaking? HTF Structure is lining up perfectly with current price action! open & close above the green box grants a greater edge for long opportunity & then we have to ask ourselves; perhaps we are in a completely new market bubble!
There is also a weekly inverse head & shoulders pattern still in play!
There is also a weekly inverse head & shoulders pattern still in play!
Trade active:
We're at a crucial decision point right now! Have you planned accordingly for the upcoming volatility?
Trade active:
Confirmed breakout to the upside! Have fun my friends.
Comment:
Perfect reaction! Looking for longs from this point on! Even if the market does dip; I AM NOT looking for any sort of short exposure until a major edge is given