1day candle closes inside bullpennant; 4hr goldencross .
Bear trapped confirmed as the 1 day candle that dipped down ad filled the 10.1k gap last night bounced all the way back up to close inside the bull pennant as I was expecting. We also hav a 4hr golden cross due to occur in the next 4-8 hours which I think will instigate a bullish breakout from this pennant.
Note
Maped, I have the falling wedge on the 1hr timeframe which is still very much valid at the moment although there was a fakeout breakdown a few hours ago. The bull pennant is on the 1 day chart and we have yet to confirm the breakdown from that either. i will post a link to the falling wedge i've been watching...both are currently still valid though.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.