A giant symmetrical triangle on the 1 day chart with a target of 20k! Price action is currently above the top trendline of the triangle...and the triangle is likely not invalidated with the dip below it during the march crash likely being an outlier we can discard thus making the triangle still valid. Also in purple, we can see the inv h&s patterns breakout target is 17k and we have yet to hit that but have bounced up off the inv h&s neckline after retesting it and doing a breakdown fakeout. The key to hitting either of these targets however is to first solidify 12k as solid support though.
Yorum:
very close to reaching our preliminary purple target now within a pip and a half...this is likely a wise play to start taking profits and dialing back longs imo *not financial advice*