We have a possible large symmetrical triangle on the 4hr time frame. we may have a smaller triangle here if we can breakout to the upside; however this could also be forming a bull flag if it does go lower, just waiting for further confirmation. if this does break out to the upside we are looking for targets at the 1 extension which would test the larger triangle.
Commentaire:
looks like we have a bull flag forming instead of the symmetrical triangle. If you draw up the fibs, the bottom of the flag is at .618 which follows previous resistance making it newly found support.