Price action on the CME chart is in ascending triangle currently heading to close the gap at 55.2k which corresponds to the support of the ascending triangle.
If ascending triangle support is broke the measured move will send price to 38K which coincidently correspond to a CME gap.
Orange boxes on the chart are closed CME gaps and the blue ones are still open.
If ascending triangle support is broke the measured move will send price to 38K which coincidently correspond to a CME gap.
Orange boxes on the chart are closed CME gaps and the blue ones are still open.
Comment:
Another gap inside the ascending triangle
Comment:
Fakeout with another attempt at closing the gap
