-27 Week drooping H&S pattern
-Potential 5 Week symmetrical triangle launching pattern
-30EMA and Bollinger Bands on a daily scale are forming to align with the short side but would not be what I call imminent signals
Will risk 100 to 150 basis points on breakout of larger pattern
1. We have two price gaps to fill at this current stage. 3.49 to the upside and 3.14 to the downside.
2. Prices are currently trading above its 500 moving average and also just above 3.30 support. the next resistance is at around 3.34
3. A break below 3.30 support could see prices fall to around 3.14 to fill the price gap.
4. A break above 3.41 could see prices...
Looking at a long if we break above Fridays close.
We have seen a large amount of volume at this area which has 2 major confluence areas. The first being the support level, the second being the 200ma. Price opened below but failed to stay below and completely engulfed Thursdays candle.
The first TP will be 180 the second will be 200. Looking to run a tight stop...
