I see a lot of charts with LTF wedges and triangles and the analysts claiming they broke out and it will pump but nothing has happened. It is because the correct pattern is price compression then expansion. Virtually impossible to know how the price behaves in the compression expansion range and which direction price will go until breakout from the range, but what is sure is that there is a compression point where price is almost dead still forming very small doji candles.
Kommentera:
it expanded but didn't breakout, i believe tomorrow we should see consolidation again at 22.9k.
Kommentera:
still valid.
Kommentera:
22.9k, could see consolidation here.
