ROSY REPORT
Chart Pattern: Symmetrical Triangle
Upper trendline: Formed by descending highs.
Lower trendline: Formed by ascending lows.
Convergence point: Price is nearing the apex of the triangle, suggesting an imminent breakout.
Key Levels & Scenarios
Current price: 142.667
Resistance Target (if breakout occurs): 144.500
Bullish scenario: If price breaks above the upper trendline, it may rally towards the 144.500 resistance area.
Support Target (if breakdown occurs): 141.500
Bearish scenario: If price breaks below the lower trendline, a drop towards 141.500 is expected.
Additional Observations
Volume: Typically, volume contracts within a triangle and expands on breakout—watch for volume confirmation.
Timing: Breakout is expected around April 17, judging by the chart's projection and triangle apex.
News Events: Several event icons suggest upcoming news that may act as a catalyst.
Strategy Tip
Wait for confirmation (candle close outside the triangle) before entering a trade.
Use proper risk management: place stop-loss just below the breakout candle for longs or above for shorts.
Chart Pattern: Symmetrical Triangle
Upper trendline: Formed by descending highs.
Lower trendline: Formed by ascending lows.
Convergence point: Price is nearing the apex of the triangle, suggesting an imminent breakout.
Key Levels & Scenarios
Current price: 142.667
Resistance Target (if breakout occurs): 144.500
Bullish scenario: If price breaks above the upper trendline, it may rally towards the 144.500 resistance area.
Support Target (if breakdown occurs): 141.500
Bearish scenario: If price breaks below the lower trendline, a drop towards 141.500 is expected.
Additional Observations
Volume: Typically, volume contracts within a triangle and expands on breakout—watch for volume confirmation.
Timing: Breakout is expected around April 17, judging by the chart's projection and triangle apex.
News Events: Several event icons suggest upcoming news that may act as a catalyst.
Strategy Tip
Wait for confirmation (candle close outside the triangle) before entering a trade.
Use proper risk management: place stop-loss just below the breakout candle for longs or above for shorts.
Trade active
Position triggered—short bias confirmed with trend continuation.
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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.
🆓FREE FREE GOLD & CRYPTO SIGNALS✅
t.me/+v5m1fJKkyZkwOTFk
✅FOREX AND GOLD/XAUUSD SIGNALS 🔥
✅98% accurate signals
✅3-5 signals daily 🔥
✅Join us on telegram
t.me/+v5m1fJKkyZkwOTFk
t.me/+v5m1fJKkyZkwOTFk
✅FOREX AND GOLD/XAUUSD SIGNALS 🔥
✅98% accurate signals
✅3-5 signals daily 🔥
✅Join us on telegram
t.me/+v5m1fJKkyZkwOTFk
Related publications
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.