Looks like the upward channel has broken, but then found support at the lower green line.
I would enter this trade as the price breaks above the top green line, using the lower green line as a stop loss. Ideally the price would follow the pink arrows. Keen to hear the outcome!
I am trading this market as though it is a 1-2-3 trend change formation, and have my position for the market moving opposite to your prediction... the jury is still out - this is a chart from an actual market and there is no answer yet.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Interesting... which market? I'd like to follow along.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
This is a trick question because it is actually the weekly bars for silver prices, but the chart is upside down. It appears my position has been proven correct and that is a good thing because I have a 10x leverage position with 0.3 bitcoin! Will keep you posted when I take profits.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit