bigger triangle? or fall to 41300? i think it is whipsaw.

6 Nis 2022

bigger triangle chart pattern? or fall to 41300?

The next 4 hour candle will decide.

as you see, small triangles target point is 43700(tp1) and 41300.(tp2)

i bought position short at 45400.( below small triangle test line)

and l just chaged position to long at 43800.(tp1)

if next 4 hour candle is green and above 44200,The price is likely to rise to 46800 ( top line of the big triangular chart)

if next 4 hour candle is red and below 44200, i predict price is likely to fall to 41300. (tp2 of small triangle chart)

so i have position long at 43400 and wait next candle.

stop loss 43500.( i think if price go below 43500, then next 4hour cadle is likely red candle.)

6 Nis 2022

Not

and price go back to 44200.
I still have the long.
and wait next 4 hour candle. if candle is below 44200 i sell long position.
if candle is above 44200, i hold it until stop loss.

6 Nis 2022

Not

stop loss