Double Bottom to 40k!!?

١٣ يناير ٢٠٢١

Ok. Maybe it's not a traditional Double Bottom.
However, let's entertain the pattern here.

My previous post, I mentioned that it was an ascending triangle.

However, the breakout and price target is similar.

Not Advice. Price Action Not Guranteed.

١٣ يناير ٢٠٢١

ملاحظة

RED SOLID LINE is where you should think about taking profit if you've longed from the break out because that's previous resistance.
WHITE DOTTED LINES are regions to watch for potential sideways action, take profit if price goes sideways.
GREEN SOLID LINE is where you SHOULD take profit.

١٣ يناير ٢٠٢١

ملاحظة

I'm conservative, so I'm planning on TP @ 39k; however, if price moves very quickly with large volume towards 39k I'll move my SL to 39k when it is passed; then my TP will be updated to 41k