in my opinion only.
please make decisions based on your strategies.
happy green :)
- the price has failed to break the downward trend-line for months.
- 2014 feb - aug (floor pcie - support) was breached in 2016 june, july and august - three times but the price pulled back up.
- currently its in consolidation - the rectangle box
- cci (yellow colored oval) is is moving up from oversold and price is making lower high on daily
- moving toward the end of the triangle.
- higher possibility of short.
i like constructive feedback/debates and appreciate them as these can improve both knowledge and experience. feel free to share your opinion.
watching it closely - especially next week.
would you be waiting for the price to break out of triangle as confirmation? - just a general question on trading harmonic pattern
meanwhile, do u use any template, scan for the patterns? asking for learning purpose..