It did a breakout, but it didnt seem to capture peoples interest. This may have been a forced breakout to attract buyers. most breakouts in this fashion are Fake Breakouts
Trade active:
dun dun dun!!! and there she goes
Comment:
now this looks more like a Reversal pattern.
Something like a Triple Bottom, Inverse H&S, Flag, although a Flag is a Continuation pattern and not a Reversal pattern in some cases it will Reverse it.
Now we wait and see which side it breaks out in. also watch for Volume.
Think of Volume as Votes - Sasha
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Something like a Triple Bottom, Inverse H&S, Flag, although a Flag is a Continuation pattern and not a Reversal pattern in some cases it will Reverse it.
Now we wait and see which side it breaks out in. also watch for Volume.
Think of Volume as Votes - Sasha