We've broke upwards and out of the narrowing triangle which has been forming since 1st September 2018. (Purple Line)
We're currently seeing a retest of the downtrend line(Purple)
Together with a possible support (previously resistance), as denoted by the yellow line.
This will be a relatively strong signal if we bounce from this level. Long entries from this level with a tight stop around/below the green local uptrend line.
www.luckscout.com/sy...ngle-chart-patterns/
We're currently seeing a retest of the downtrend line(Purple)
Together with a possible support (previously resistance), as denoted by the yellow line.
This will be a relatively strong signal if we bounce from this level. Long entries from this level with a tight stop around/below the green local uptrend line.
www.luckscout.com/sy...ngle-chart-patterns/