Inverse cup and handle forming...
The orange rising wedge pattern looks like it's playing out in an inverse cup and handle pattern that I think will likely occur (pink lines). The inverse cup and handle will in turn affirm the heads and shoulders pattern (85%) reliable which indicates that the bottom is around 17k. Note: the heads and shoulders neckline was broken 2 weeks ago. So don't be in denial: trade accordingly.
The convergence of multiple patterns should be what you look for. I still see some people on tradingview draw a single pattern, then an arrow pointing upward and then a whole bunch of people like it because the arrow points upward. That's not good analysis. Good analysis looks at ALL the patterns and predicts direction based on the probability/reliability of those patterns. What's the point of people giving fancy "bat" patterns with no established reliability?
The convergence of multiple patterns should be what you look for. I still see some people on tradingview draw a single pattern, then an arrow pointing upward and then a whole bunch of people like it because the arrow points upward. That's not good analysis. Good analysis looks at ALL the patterns and predicts direction based on the probability/reliability of those patterns. What's the point of people giving fancy "bat" patterns with no established reliability?
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.