I think we are seeing the start of an ascending triangle that will have a breakout upwards. Notice the doji candle that formed right after the wick up to test the dynamic trendline. The black dashed lines are just guesses we will need another push up and back down to truly get an idea of how the triangle looks.
Kommentera:
I think we either see this play out over 25-30 bars or 60 bars.
Kommentera:
So far looks like this analysis is still valid.
Kommentera:
No breakout when predicted but still think that top line holds some importance. Acting as a support
Kommentera:
The original Doji candle was a good sign of the continuation.
