Looks like a symmetrical triangle is forming. How to trade this pattern is to wait patiently for the breakout and it will usually reverse higher/lower on the other side.
Scenario 1: The price breakout the symmetrical triangle to the upside around 1880 and find resistance then it will go down to 1854 as the first target.
Scenario 2: The price breakout below 1869 and find support around 1861 then it will reverse to the upside with a higher target of 1890/95.
Scenario 1: The price breakout the symmetrical triangle to the upside around 1880 and find resistance then it will go down to 1854 as the first target.
Scenario 2: The price breakout below 1869 and find support around 1861 then it will reverse to the upside with a higher target of 1890/95.
Trade stängt: målet nått:
Price chosen the upside and target of 1890 hit.