There are three action plans on sight. For those who trade ranges;
The first range is 43.500 - 47.200, in case the compressed triangle turns to the downside, this range will provide 8% profit.
The second range is 47.200 - 55.500, in the scenario where price breaks the triangle or turns back from 47.200,
price target will be 55.500 which is nearly 17% profit.
The first range is 43.500 - 47.200, in case the compressed triangle turns to the downside, this range will provide 8% profit.
The second range is 47.200 - 55.500, in the scenario where price breaks the triangle or turns back from 47.200,
price target will be 55.500 which is nearly 17% profit.