📊DATA Textbook E/Waves in a S/Triangle

This is almost a perfect textbook example of Elliot Waves inside of a symmetrical triangle/bullish pennant (whatever you want to call it, I don't know)

The price is getting squeezed inside of the formation and is going to be forced to make a move either up or down.

Given the previous uptrend which had its peak on 7th of April 2021, this is considered to be a continuation pattern with higher odds of breaking out to the upside.

I'm scaling in with some longs!

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Source: coincentral.com

הערה:

update:

don't get fooled... we're just getting started :)