Breakout imminent.
Comment:
Comment:
Or rather a butterfly?
Note the reverse hammer fakeout with the bears then firmly taking control. Adjusted moving average tracing the revised triangle. New projected breakout looks to coincide with a pivot out of oversold territory.
Note the reverse hammer fakeout with the bears then firmly taking control. Adjusted moving average tracing the revised triangle. New projected breakout looks to coincide with a pivot out of oversold territory.
Trade active:
Price was a bit off but timeframe coincides with first break above the moving average after many hammer candles. Down but support is holding for now
Comment:
Tentative confirmation, four bars fully above average