Breakout imminent.
Note
Note
Or rather a butterfly?Note the reverse hammer fakeout with the bears then firmly taking control. Adjusted moving average tracing the revised triangle. New projected breakout looks to coincide with a pivot out of oversold territory.
Trade active
Price was a bit off but timeframe coincides with first break above the moving average after many hammer candles. Down but support is holding for now
Note
Tentative confirmation, four bars fully above average
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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.