The price is currently moving in a triangle. This pattern leads to an area of high confluence.
Traders who use the resistance line as a guidance for possible short entries conquer to traders
who use the support line as a guidance for a possible long entry. Everybody is watching the price now,
especially after a last weeks strong move.
It's necessary to wait for a confirmation as shown in the chart.
I will update this chart accordingly!
Leave a thumbs up if you like this idea and Follow me for more ideas!
Feel free to support me on Patreon.
Disclaimer:
Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Idea are provided as general market information for educational and entertainment purposes only