Symmetrical Triangle Pattern. Target 1.3K-1.6K

30 mag 2021

Hi everyone,

I'm plotting this symmetrical triangle with potential targets wherever the pattern is going to, up or down.

Symmetrical Triangle patterns are mostly a continuation pattern. Since we're coming from a down trend, we may continue going down. See Targets 1 & 2.

Still, there's a small chance that we will go up. See Targets 3 & 4.

Cheers,
Juvs

1 giu 2021

Nota

We're near the top of the triangle. Do we breakout from here (dashed green line) or do we crash (dashed red line)?

GREEN LINE: It needs to break the resistance and make it a support by bouncing off the top of the triangle before heading to our target.

RED LINE: It needs to break down the support, go up to test as resistance, and go down to our target.

3 giu 2021

Nota

We're outside the symmetrical triangle, but we can still create an ascending triangle