Looks like we're going to suffer a 300usd range as we near this triangle's apex. Should breakout in around 15days, expect the range to contract as we near the apex.
It's a bear flag but the overall structure since May is bullish so I reckon we will break to the upside sometime mid October. Could dip below and hit the major trend-line, that is a hard-buy zone.
Compared to the prior triangle this one is slightly smaller and by that logic the breakout should be less volatile.
I posted my long-setup earlier and I'm still sticking to it.
If you like my analysis please give it a thumbs-up and give me a follow.
Regards,
cept0r
It's a bear flag but the overall structure since May is bullish so I reckon we will break to the upside sometime mid October. Could dip below and hit the major trend-line, that is a hard-buy zone.
Compared to the prior triangle this one is slightly smaller and by that logic the breakout should be less volatile.
I posted my long-setup earlier and I'm still sticking to it.
If you like my analysis please give it a thumbs-up and give me a follow.
Regards,
cept0r