Personally, I would say the breakout had already begun. You can see that if you draw the pattern this way instead:
Nonetheless, let's see how it goes
gyanev
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I was thinking the same but market conditions changed over night , currently there is not much spot selling only thing that is keeping the price at the moment are the shorts that are stacking up i dont think it it will stop until people get more bullish , at the current level there are to many bears i was short turm bearish to
jhutzell
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How high does it have to go before you change your thesis?
Personally, I would say the breakout had already begun. You can see that if you draw the pattern this way instead:
Nonetheless, let's see how it goes