In my previous analysis i showed a possible flag pattern could be formed against the resistance of the double bottom neckline. So far that is exactly what happend. On the right we can see the shape of a triangle. All triangles can breakout both ways, but since this one is an ascending which is being formed against a resistance zone , it is more likely to see it break upwards. If that happens, we should see an acceleration towards 5.6/5.7, otherwise there will be a chance for a false breakout.
If the triangle breaks down, we could see a test of the 5.4 or even to 5.34 if the first one breaks. So far the double bottom pattern is playing out as it should. The start was a bit slow, but we got a small acceleration the past 2 weeks. So the pattern looks legit so far. Target of the pattern is at the yellow circle.
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.