This is a Neutral pattern. This indicates that the price hasn't set any strong indication of moving up or down. We don't know until it breaks out of the triangle.
I have drawn it very clearly on the chart for you to follow along.
In my opinion, this is not a time to open any positions. It is time to wait and observe. If it rises above the triangle, and forms a very nice Continuation pattern, then I will post a long chart. For now, we remain neutral.
I have drawn it very clearly on the chart for you to follow along.
In my opinion, this is not a time to open any positions. It is time to wait and observe. If it rises above the triangle, and forms a very nice Continuation pattern, then I will post a long chart. For now, we remain neutral.
Note
Hitting the top, let's see what happens Trade active
long open now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.