BNX Chart Update.
The 2H CUP&HANDLE got INVALIDATED. Cause the HANDLE did not form.
Now I'm looking at BNX with these 2 possible scenarios. 1 DESCENDING TRIANGLE ( yellow color ) and a SYMMETRICAL TRIANGLE ( white color ).
Notice that, when meeting the 4H CUP & HANDLE target , BNX formed a RISING WEDGE , which has a IDEAL BREAKOUT TARGET at the bottom of the wedge. Which also aligns with the WHITE triangle's BEARISH breakout target.
Need 1H candle body OPEN & CLOSE outside the triangles for CONFIRMATION.
Entry upon retest. Use proper position sizing. Take entry in parts.
Non financial advise. Trade at your own risk. Do your own research.
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