Price is beneath a Symmetrical Triangle.
This is also a possible Parabolic Arc.
This pattern is easy to spot but difficult to trade and can have excessive volatility.
Most Patterns retrace to 62–78% of its rise. 50% retracement is the first target.
When an ARC finally reaches it's true top, do not expect the price to return to Parabolic Arc highs for a long time.
Symmetrical triangles are neutral until broken. This one has broken for now.
This could be a very large Flag, but I found it difficult to find a true pole.
No recommendation/Tough nut to crack )o:
This is also a possible Parabolic Arc.
This pattern is easy to spot but difficult to trade and can have excessive volatility.
Most Patterns retrace to 62–78% of its rise. 50% retracement is the first target.
When an ARC finally reaches it's true top, do not expect the price to return to Parabolic Arc highs for a long time.
Symmetrical triangles are neutral until broken. This one has broken for now.
This could be a very large Flag, but I found it difficult to find a true pole.
No recommendation/Tough nut to crack )o:
I do not think it will be a blue wave, but you never know. Stranger things have happened )o: