For now this rectangle is trying to break to the downside. It does look as if todays candle wick is struggling to stay inside the horizontal trading range.
I was wondering how long price would remain in the rectangle top with such a large gap underneath as well as the lack of a handle forming for the prior cup.
The 2 trendlines of the rectangle are marked in small white numbers and targets are over the rectangle had this broken to the upside. Targets beneath the rectangle are for a break to the downside (171.60) with a confirmed downtrend.
I am waiting on this one.
No recommendation.
A rectangle is a neutral pattern until a trendline is broken with a trend in that direction.
I see the FED guy is on TV right now and my alerts keep texting my phone like crazy right now which means stuff I have entered is hitting down targets I entered. I hope it is not more bad news )o:
I was wondering how long price would remain in the rectangle top with such a large gap underneath as well as the lack of a handle forming for the prior cup.
The 2 trendlines of the rectangle are marked in small white numbers and targets are over the rectangle had this broken to the upside. Targets beneath the rectangle are for a break to the downside (171.60) with a confirmed downtrend.
I am waiting on this one.
No recommendation.
A rectangle is a neutral pattern until a trendline is broken with a trend in that direction.
I see the FED guy is on TV right now and my alerts keep texting my phone like crazy right now which means stuff I have entered is hitting down targets I entered. I hope it is not more bad news )o:
Nota
If you can’t spot the sucker 30 minutes after sitting down at a table,it’s probably you.
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.