I have revised this wedge / triangle to suit the 12H timeframe which includes a solid fibonacci retracement.
The price action did not abide by the previous post so amending it to suit the most recent high and lows makes more sense.
If we zoom into the 4H we can see the 61.8 being respected and now the 78.6 being tapped to a T
Should this hold and we see a solid 12H & Daily close back within the trendline / triangle, I would be very happy with this set up and a bullish move to happen going into Feb.
The price action did not abide by the previous post so amending it to suit the most recent high and lows makes more sense.
If we zoom into the 4H we can see the 61.8 being respected and now the 78.6 being tapped to a T
Should this hold and we see a solid 12H & Daily close back within the trendline / triangle, I would be very happy with this set up and a bullish move to happen going into Feb.
註釋
Now Invalid!
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