On lower timeframes we can draw a broadening wedge, breakouts of those are random.
Target is the highest high minus the lowest low from the breakout.
If it breaks down it will break the current parallel channel it has been following, turning it into a bearish flag. Not to mention the H&S pattern on bigger frames.
If thats so, i wouldnt be looking to buy anytime soon.
If it breaksout upwards a continuation of the channel pattern is likely.
Trade wise, be safe.
Target is the highest high minus the lowest low from the breakout.
If it breaks down it will break the current parallel channel it has been following, turning it into a bearish flag. Not to mention the H&S pattern on bigger frames.
If thats so, i wouldnt be looking to buy anytime soon.
If it breaksout upwards a continuation of the channel pattern is likely.
Trade wise, be safe.
ノート
トレード稼働中
as seen the pattern chose the way down, first support level is being reached here, TP here, swing trade long with a SL below the green line, or wait for confirmation into another leg down.trade safe!
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