GMTUSDT | Wave Analysis | Target Triangle Breakout Projection
Price action and chart pattern trading:
> A possible local 4-wave triangle pattern with a bullish divergence signal
> A bull scenario with the target downtrend triangle @ 0.5-0.618 fibonanci extension of current minor 3-wave once breakout current price rejection zone previous low.
> Short entry if breakout of triangle for a bear scenario, the target could reach upto 0.786-1.0 extension for the next support zone
Always trade with affordable risk and respect your stoploss, nothing is 100%.
> A possible local 4-wave triangle pattern with a bullish divergence signal
> A bull scenario with the target downtrend triangle @ 0.5-0.618 fibonanci extension of current minor 3-wave once breakout current price rejection zone previous low.
> Short entry if breakout of triangle for a bear scenario, the target could reach upto 0.786-1.0 extension for the next support zone
Always trade with affordable risk and respect your stoploss, nothing is 100%.