Long - CTI 20.x

Pattern Analysis: Symmetrical Triangle Formation with Potential Breakout

🔷 Pattern Overview:

The chart illustrates a Symmetrical Triangle Pattern with the following key points labeled:
• Point A (bottom of initial rally)
• Point B (peak of rally)
• Point C (retracement low)
• Point D (lower high within the triangle)

The price has been consolidating within converging trendlines (upper and lower bounds), forming a symmetrical triangle—a classic continuation pattern.

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✅ The current price action at ~20,600 VND is attempting to break above the upper boundary of the triangle, indicating a potential bullish breakout.

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🧠 Key Technical Insights:

1. Volume Consideration (if available):
• A breakout is more reliable if accompanied by increased trading volume.
• Volume confirmation is not visible in the screenshot, but should be checked.

2. Target Projection (Post-Breakout):
• Height of triangle (from A to B) ≈ 38,000 VND
• Add to breakout point (~20,000 VND) → potential target around 55,000–60,000 VND (in a textbook breakout scenario)

3. Risk Level:
• False breakouts are common. Confirm breakout with:
• Retest of the upper trendline as support
• Sustained close above breakout zone

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📌 Summary:

The chart shows a long-term symmetrical triangle pattern, and the current price is testing a breakout to the upside. If confirmed, it may signal the start of a new bullish leg with a significant upside potential. Traders should monitor volume, candlestick confirmation, and potential retest of breakout level.