In dark turquoise here I ahve drawn an inverted cup and handle pattern...the price action has sent a wick to the neckline...should we not climb back into the symmetrical triangle by the time this candle closes probability is very high that we could trigger this cup and handle pattern...if so the target drop would be down to the bottom trendline of the weekly descending triangle pattern...I think we could see nice support there around 5845 or so. This may of course though be a bear trap and we still have time to climb back into the symmetrical triangle pattern before the candle closes...try to be prepared for both outcomes.
评论:
mega fakeout puts us back inside the triangle....for now...as I said hodl until you see candle close and follow up confirmation candle priceaction....shorters getting wrecked right now,...30 minutes until futures expire.