Given the triangular structure resting on the dashed blue support and accumulation zone (green box), additionally a single outbreak rejection, it's likely a retest will occur. However a possibility of rejection would send MAID into a third and final accumulation run.
Blue solid line represent expanding wedge, pink cuts to create and ascending wedge.
Dual pattern confluence determines direction to support hypothesis.
Likelihood of A : 30%
Likelihood of B > BC: 65%
BC -> BB relates to break out and break out test before rally.
Blue solid line represent expanding wedge, pink cuts to create and ascending wedge.
Dual pattern confluence determines direction to support hypothesis.
Likelihood of A : 30%
Likelihood of B > BC: 65%
BC -> BB relates to break out and break out test before rally.
Comment:
Potential buy area with low risk, moderate reward / 10:3.
