Descending triangle pattern looks like being established, although I'd like to see three verifications of the pattern rather than the two we have here. I am considering the following three possibilities going forward... Option 1: Breakdown within triangle to 0.465 before resuming upward trend. Option 2: Breakdown out of triangle to 0.395 (top of 'GAP' and 200...
Using two historical trendlines (in yellow) and recent descending triangle pattern (in white) I am projecting a 0.795 target in early MArch 2021. Although I think the yellow trendlines are a good indicator of general movement, I am not too sure about the triangle pattern. In my other published idea, I wonder whether the breakdown out of the triangle will occur....
In the long run this one will make a great Warren Buffet stile returns. My play is BUY
Looks ready to actually move now Pnf completed See chart for target notes