BNX TRADE SETUP
BNX Chart Update.
The 2H CUP&HANDLE got INVALIDATED. Cause the HANDLE did not form.
Now I'm looking at BNX with these 2 possible scenarios. 1 DESCENDING TRIANGLE ( yellow color ) and a SYMMETRICAL TRIANGLE ( white color ).
Notice that, when meeting the 4H CUP & HANDLE target , BNX formed a RISING WEDGE , which has a IDEAL BREAKOUT TARGET at the bottom of the wedge. Which also aligns with the WHITE triangle's BEARISH breakout target.
Need 1H candle body OPEN & CLOSE outside the triangles for CONFIRMATION.
Entry upon retest. Use proper position sizing. Take entry in parts.
Non financial advise. Trade at your own risk. Do your own research.
The 2H CUP&HANDLE got INVALIDATED. Cause the HANDLE did not form.
Now I'm looking at BNX with these 2 possible scenarios. 1 DESCENDING TRIANGLE ( yellow color ) and a SYMMETRICAL TRIANGLE ( white color ).
Notice that, when meeting the 4H CUP & HANDLE target , BNX formed a RISING WEDGE , which has a IDEAL BREAKOUT TARGET at the bottom of the wedge. Which also aligns with the WHITE triangle's BEARISH breakout target.
Need 1H candle body OPEN & CLOSE outside the triangles for CONFIRMATION.
Entry upon retest. Use proper position sizing. Take entry in parts.
Non financial advise. Trade at your own risk. Do your own research.
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