Updated

MNS ascending triangle break out

Looking at a rejection at 0.435 and watching out for a bounce off the trend line, which will confirm the break out.

Trade at your own risk. All the best!

Note

We got rejected at 0.435, so looks to play out fine so far.

Trade active

It is ON! Looks like it didn't need that last trend support. RSI is now very stretched on the buy side, so looks like we will test the breakout line ($0.435) again. If successful, this is likely mooning! TP1 0.5, TP2 0.585

Note

Just saw a great post from HeWhoMustNotBeNamed on fitting patterns (

and looking back at this, I now feel the ascending triangle had already ended at 0.435!

Trade active

Interesting playout on this. We had a fakeout, then a stop loss killer and THEN a breakout. Looks like the forces-behind (instuz) wanted to wash out the crowd before going guns blazing. Looking at 0.5 as first target.

Note

Amazing, first target acheived already! :D Looking at second target @ 0.585.

Trade closed: target reached

That was it I guess. Now looking at a bearish pattern in play. Uptrend channel break from trend line support, with target of 0.295.

I don't trade short positions, so will watch this on sidelines and look to buy @ 0.295. See you there!

DYOR and TAOR.

Note

We are about there, so this aged very well! Will look at bullish divergence at 0.295 area for entering long.

Trade closed: target reached

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