Things have played out quite nicely through the last 7 days. The 1k increase from around 9700 has retraced slowly during the week and drip drip dripped down over the weekend. Given that this was my first ever published graph I'm chuffed with how things have panned out so far. I was short from 10600 and will now look to be long from anywhere around the support line at mid to low 9000.
Descending triangle's do have a higher probability of breaking down as opposed to up so I'll be waiting for confirmation before taking any trade.
Descending triangle's do have a higher probability of breaking down as opposed to up so I'll be waiting for confirmation before taking any trade.
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