Symmetrical Triangle Reaching APEX
Updated
We have a clear symmetrical triangle formation here. AADA is coming form a downward slope but a higher low before the triangle should count as an uptrend. Only concerns would be volume which only just started contracting at the apex but held decent around the body of it. The contraction is what we want there.
-If breakout above resistance then enter with long target set for .21-.22 levels. Set stop-loss at triangle breakout point or slightly lower to avoid early sell off.
-if breakout below then look for buying opportunity near .12-.13 or simply reassess.
-If breakout above resistance then enter with long target set for .21-.22 levels. Set stop-loss at triangle breakout point or slightly lower to avoid early sell off.
-if breakout below then look for buying opportunity near .12-.13 or simply reassess.
Comment
rejection on the apex. byeOrder cancelled
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