Symmetrical Triangle Breakout Can Move 30% From Here

This 2-day timeframe chart showcases a robust breakout scenario with a prominent symmetrical triangle pattern.

The price is currently propelled by a formidable bullish momentum, highlighting a sustained uptrend.

Noteworthy volumes, coupled with massive volumes near the breakout zone, underscore strong market participation.

Symmetrical Triangle Breakout: The chart exhibits a clear symmetrical triangle pattern, indicative of a significant breakout.

Bullish Momentum: The price is riding a strong bullish momentum, affirming the prevailing upward trend.

High Volume Confirmation: Robust volumes accompany the breakout, providing a solid foundation for the upward move.

Price Target: Anticipating a move up to 3450, representing the 2nd resistance level, implying a potential 30% gain from current levels.

Consider a long position with the breakout confirmation, ensuring sustained volume supports the move.

Set profit targets based on the projected 30% move and adapt strategies as the trend evolves.
Employ prudent risk management practices to mitigate potential downsides.

Disclaimer:
This is not financial advice. Conduct your analysis and risk assessment before making trading decisions. Monitor price action and adapt your strategy based on evolving market conditions.