If it breaks bullish... we'll have fireworks.
Neutral price movement since supply and demand converge at an equal point.
Is it a reversal or continuation?
Probability = 50%
Risk to Reward = 1:5
Neutral price movement since supply and demand converge at an equal point.
Is it a reversal or continuation?
Probability = 50%
Risk to Reward = 1:5
Nota
Lack of volume on break out of triangle...could just be a sideways consolidation to form a larger structure...
Nota
🔍 Not exactly a volume spike, but it's a positive sign... because of the small move out of the triangle.. my feeling is that it may not hit the price target. Looking to move Stop Loss to break-even soon.❓ Another possibility is that whales may wick the price down to take out Stop Losses and then run the price up again to form a Bull Flag???
Nota
🚨 Actually, too late for a Bull Flag... more like a Falling Wedge 🧀 ...if whales test supply some below the triangle and demand takes it back up. Just a possibility... not a probability.Nota
Breakout in progress with a clear shift from consolidation to uptrend! Moved Stop Loss up. 😅Nota
The symmetrical triangle without a real breakout set the tone for a sideways consolidation. Based on indicators, the probability of either direction is 50%. But the increasing Bear Volume has me worried. Therefore, I'm looking to exit this position sooner than later.Dagangan ditutup: hentian tercapai
Stopped Out for a tiny loss (near break-even on my entry). I don't see a reason to be in this trade anymore. Price failed to break out convincingly of symmetrical triangle.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.