The massive volume spike in the 2nd move up didn't materialize into a rally and failed to intermediate support (POC). This PA is a major criteria for a rev sym triangle setup.
To confirm this setup, price needs to move up a third time and fail roughly at the red box (the red box is also a major pivot). Price won't move in a straight line, could fall to 6K and this pattern would still be valid. Typical count = 5 touches.
Expecting a lot of fake outs. Just observing.
To confirm this setup, price needs to move up a third time and fail roughly at the red box (the red box is also a major pivot). Price won't move in a straight line, could fall to 6K and this pattern would still be valid. Typical count = 5 touches.
Expecting a lot of fake outs. Just observing.
Trade fermée: ordre d’arrêt atteint
difficult range imo
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.