1hr bull flag breaking out; target=$5670

17 במרץ 2020

We are also potentially forming a huge ascending triangle that could last until early April. Need to see more touches between now and then to be confident though.

17 במרץ 2020

הערה

If we were to test the top trendine of the ascending triangle then we would also complete the head of a potential inverse h&s pattern as well. Of course with any inverse h&s pattern you don't wanna get to presumptive that one will actually play out until you get confirmation of the actual breakout. maybe once you've made the peak of the right should and our then heading back towards the neckline you can confirm the pattern is there but you cant confirm it will be a fakeout or breakout until confirmation of bullish volume surge above and candle closes above the neckline or bearish volume surge and price dipping considerably. So for now we can not give too much credence to the inv h&s pattern but still worth keeoing an eye on.