Bull Trap

17 May 2019

Drawing triangles like a schizo can sometimes give you an edge. In this case the best indication that this correction has come to an end is if it breaks the upper "trend lines".
But most likely, this is a squeeze, to milk the longs.

17 May 2019

Not

The red line (outlines volume @ price level) seems to hold strong resistance.

17 May 2019

Not

Now, let's see if this candle closes above the triangles. If it does, you can make a 25x long and take profit right below the las base bottom.

17 May 2019

Not

And now we will revisit $7660. After that, arch sown to the 7k level