A large Triangle formation can be identified on the Weekly timeframe for CYD
We are reaching the end point of the triangle and are approaching a break out
I believe this breakout will be to the positive side due to the lower (green) support
The down trend (dotted) can be seen to repeat throughout the triangle
The placed bars pattern is an assumption of price breakout on this Weekly timeframe
We are reaching the end point of the triangle and are approaching a break out
I believe this breakout will be to the positive side due to the lower (green) support
The down trend (dotted) can be seen to repeat throughout the triangle
The placed bars pattern is an assumption of price breakout on this Weekly timeframe