38.2 fibonacci retracement+Triangle formation+MA200 rejection
After a big bullish wave, price has been in a correction structure the last weeks. A triangle pattern has been formed with a 38.2 % fibonacci retracement. We could see an impulse this week to MA50. Then we have a breakout of it to validate the pattern.
Stay tuned!!
Stay tuned!!
Note
Price is moving up till MA50. A break above the moving average would validate the patternNote
Breakout has occurred yesterday, Today, price is still above MA50. 1/3 of the trade has been close .Note
We can expect a corrective structure till MA50 aprox to see a new bullish scenarioNote
Order has been closed on breakeven
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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.