This analysis was based on the symmetrical triangle pattern after a long period of order building the market was sideways for too long leaving the candle stick pattern in the triangle pattern which usually has a breakout but since it was New York opening hours and the weekend the movement in the market was so aggressive that the sell was very profitable...
this trade was taken for a long as soon as it passed the first break-out zone that was fixed by looking at the support and resistance zones that were set and once the target zone was crossed the force that it went was so fast that it hit the resistance zone in no time but what was predicted that it would cross the resistance zone and shoot out bullish didn't...
based on the ranges of support and resistance the supply-demand zone was fixed then when the price reacted to the demand zone we went for LONG and it reached the first target but there is a high probability of a reversal trend which can either break the support or resistance zone leaving the accumulation into a buying or a selling trend
mistakes made in this...
