This is the advanced triangle breakout strategy. So the price had broken the ascending triangle, it retest the previous resistance which now becomes a support and now is looking to retest level 16.00. Breaking the current trend bottom can cause to retrace to previous support / uptrend line.
Don't forget to subscribe for regular updates. Thank you!
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.
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.