price is in a triangular pattern.
Usually triangles can break both ways, but I think this triangle is going to break upside.
Now structure is possible for both ways, its in wave 4 of an impulse to down, or in wave 2 for more upside; so if it breaks to upside I'm in, but if it breaks downside, i have no sell setup until a clear correction occur.
more detailed:
Usually triangles can break both ways, but I think this triangle is going to break upside.
Now structure is possible for both ways, its in wave 4 of an impulse to down, or in wave 2 for more upside; so if it breaks to upside I'm in, but if it breaks downside, i have no sell setup until a clear correction occur.
more detailed:
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after triangle break out, price didn't move trendy, so there is more likely preparing for wave C to upside.
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NFP may give me this wave to downside today..