A Cup of TRIAS tea anyone?

٢٢ يونيو ٢٠٢٣

Price attempting to break out above a massive resistance level of $4. We don't have acceptance yet but a retail "cup and handle" pattern is in play with a technical target of $5-$5.25, which also lines up with levels of interest from over 18 months ago for me.

My options are:

A) get acceptance above $4 and floor it to $5

B) A is invalidated if price gets rejected and will look at the yellow dotted ascending trend line and green circle 🟢 to plan my next move.

HUGELY bullish if it gets above $4.

١ يوليو ٢٠٢٣

ملاحظة

Congratulations if you were following and caught this one. although the $5 target did not get hit, there was still plenty of meat in the trade to get out of it.

I want to see price now come down to $4 and see how it reacts, that is a very strong area of interest and if it can hold it should start the next leg to move higher.