Nice hold within triangular pattern to prevent further rejection however we have yet to attempt at re-flipping 2k critical.
A steady increase indicates that we could be looking at a well-positioned (bullish) breakout soon, although maintaining below 2k until breakout point could cause the inverse.
It's important to note where pattern average intersects as this may be the transitioning point for the above mentioned scenario.
In other words, breakout is more likely to occur as pattern resistance falls below pattern average though we would likely need to be positioned above 2k for this to happen.
A steady increase indicates that we could be looking at a well-positioned (bullish) breakout soon, although maintaining below 2k until breakout point could cause the inverse.
It's important to note where pattern average intersects as this may be the transitioning point for the above mentioned scenario.
In other words, breakout is more likely to occur as pattern resistance falls below pattern average though we would likely need to be positioned above 2k for this to happen.
