🔍 Pattern Analysis:
Pattern Type: Symmetrical Triangle (bullish breakout)
Consolidation Phase: Price moved between higher lows and lower highs forming the triangle.
Breakout: A bullish breakout just occurred with a retest on the upper trendline (a classic breakout confirmation).
📈 Trade Setup (Marked on Chart):
Entry Zone: Just above breakout + retest (~2.48-2.49)
Target (TP): Around 2.556 – based on measured move (height of triangle projected upward).
Stop Loss (SL): Around 2.458 – just below the recent low and breakout point.
Risk-Reward Ratio: ~3:1 (great RRR for a breakout trade)
📊 Volume Confirmation:
Volume spike during breakout indicates strength, validating the breakout move.