{Previous Price Action's}
The P.A has made symmetrical triangle pattern above the Resistance-level of the Mini-descending-channel, moving above the resistance-level of the channel puts high selling-pressure on the price while it becomes in overvalued-zone, the pattern got reject the price multi-times to confirm itself.
{Current State}
the price break under the symmetrical triangle pattern and back into the Descending-channel followed by confirmation from the volume.
{The Plan}
the deal now in order to go Short and trade following the trend is to wait for the price to keep making LL/LH and confirm it's direction while there's possibility for retest.
{Alerts}
Set Alert at (118.370) level to catch next short movements after breakout & getting all Confirmations
{Valid Pattern}
Symmetrical Triangle Pattern
stocktwits.com/itsFi...as/message/178266280
{HQ Chart}
ibb.co/nL0jSfZ
The P.A has made symmetrical triangle pattern above the Resistance-level of the Mini-descending-channel, moving above the resistance-level of the channel puts high selling-pressure on the price while it becomes in overvalued-zone, the pattern got reject the price multi-times to confirm itself.
{Current State}
the price break under the symmetrical triangle pattern and back into the Descending-channel followed by confirmation from the volume.
{The Plan}
the deal now in order to go Short and trade following the trend is to wait for the price to keep making LL/LH and confirm it's direction while there's possibility for retest.
{Alerts}
Set Alert at (118.370) level to catch next short movements after breakout & getting all Confirmations
{Valid Pattern}
Symmetrical Triangle Pattern
stocktwits.com/itsFi...as/message/178266280
{HQ Chart}
ibb.co/nL0jSfZ