Inside bar / 2 bar reversal
On the break of the mother candle, this has a good
chance of going up to at least the 1.6 fib level.
Looking at the daily, it has rejected shoulder line support,
and broke out of a channel, which I also think could be a bull flag
with a 700 pip TP.
It is near some strong monthly resistance, which also looks
like a triangle. Could breakout, waiting to see PA in that area.
On the break of the mother candle, this has a good
chance of going up to at least the 1.6 fib level.
Looking at the daily, it has rejected shoulder line support,
and broke out of a channel, which I also think could be a bull flag
with a 700 pip TP.
It is near some strong monthly resistance, which also looks
like a triangle. Could breakout, waiting to see PA in that area.