SAND-PERP i'm backing both horses
Sand could go withe rway at this point.
We know usually descending triangles at a support level are bearish, however we also know better and we've seen that this pattern fails regulary and when it does we have a big move in the opposite direction!
So we're going to play it like this
LONGS
If we have a clear higher high and higher low retest on a support level, and we break out from the pattern totally.
SHORTS
If we break through support (It could be violent) close below support on the daily, and we have 4 hour bearish candles showing also, we've seen too many times price break out of these really strong levels and soon after retrace it's steps when the big money comes in to liquidate the shorts.
So be careful! Have clear stops and take profits set. This next moves going to be wild :D
We know usually descending triangles at a support level are bearish, however we also know better and we've seen that this pattern fails regulary and when it does we have a big move in the opposite direction!
So we're going to play it like this
LONGS
If we have a clear higher high and higher low retest on a support level, and we break out from the pattern totally.
SHORTS
If we break through support (It could be violent) close below support on the daily, and we have 4 hour bearish candles showing also, we've seen too many times price break out of these really strong levels and soon after retrace it's steps when the big money comes in to liquidate the shorts.
So be careful! Have clear stops and take profits set. This next moves going to be wild :D