The price could break either way out of symmetrical triangle. It seems to me that the price has completed triangle pattern abcde which is the wave B of larger degree wave A.
The smaller degree wave (b) was also a triangle pattern which was formed from Dec 2013 till Jan 2017 and then it rallied up. The same pattern is now again on the card which has been continuing from Jan 2018 till Jan 2024. It suggests that it will break the BD resistance.
The price is still hovering around the 50ma and 200ma.
The smaller degree wave (b) was also a triangle pattern which was formed from Dec 2013 till Jan 2017 and then it rallied up. The same pattern is now again on the card which has been continuing from Jan 2018 till Jan 2024. It suggests that it will break the BD resistance.
The price is still hovering around the 50ma and 200ma.