Huge symmetrical triangle!
Updated
The potential for a bounce off the lower trendline of the symmetrical triangle is expected. It depends on the closing price. If the close is below the lower trendline, the potential targets are stated. However, if the bounce is significant and the close is above the upper trendline, a long position is considered.
Note
The price made a strong rebound from the lower trendline of the symmetrical triangle as expected and is now approaching the upper trendline. If it breaks through this level, the potential targets for the price are 4050, 4120, 4150, and 4220.Note
4050 ✅ Waiting for FOMC decision.
Note
4120 ✅ 4150 ✅
Both in a single day! #FOMC was the catalyst. Looking forward to range highs. Fed's speech was #dovish.
Trade closed: target reached
This was a great trade! ❤️ Congrats to those who profited!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.