SIMP in two perspective
SIMP in the weekly timeframe looks like there are two patterns there. The first pattern is like a symmetrical triangle where the price has broken out of the triangle and will continue its rise. The second pattern is the bearish crab. The bearish crab is a harmonic pattern where the last rising phase can cross the previous 'previous high'. You can 'search' for other harmonic patterns, and currently there is a minor weakness which means there is a good opportunity to consider it.
#Disclaimer: Not a suggest to buy or sell
#Disclaimer: Not a suggest to buy or sell
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.