A hold at pattern support sends price back to 200EMA with consolidation closing in on breakout.
Final breakout point is assumed mid-February (14th-15th) but we can expect a push/fall by 2/9.
Note that continued rejections at 200EMA, along with entry direction, may result in breakdown.
Look to trigger H4 EMA crossover + D1 MACD divergence for the best chance at recovery.
www.tradingview.com/chart/gDBkksfy/
Final breakout point is assumed mid-February (14th-15th) but we can expect a push/fall by 2/9.
Note that continued rejections at 200EMA, along with entry direction, may result in breakdown.
Look to trigger H4 EMA crossover + D1 MACD divergence for the best chance at recovery.
www.tradingview.com/chart/gDBkksfy/
