We are approaching a very important time in the market. a very decisive time which will dictate how the rest of the year will look like.
as the two 45-degree angles now have the price trapped within a wedge pattern for a decent amount of time---- (thick white lines from covid bottom being one going upwards and the other is 2022 jan top going downwards.)
this is a very simple play. a break of 45-degree angle in either direction: above = bullish. below = bearish. with stop loss (trailing) being the angles.
as for me, this is an exciting time. i will get to see if my bullish thesis plays out. i personally think recession ended in 2022 with two negative gdp quarters and we are in recovery mode. early stages of a bull campaign and this period will let me know if I'm wrong or right.
cheers
as the two 45-degree angles now have the price trapped within a wedge pattern for a decent amount of time---- (thick white lines from covid bottom being one going upwards and the other is 2022 jan top going downwards.)
this is a very simple play. a break of 45-degree angle in either direction: above = bullish. below = bearish. with stop loss (trailing) being the angles.
as for me, this is an exciting time. i will get to see if my bullish thesis plays out. i personally think recession ended in 2022 with two negative gdp quarters and we are in recovery mode. early stages of a bull campaign and this period will let me know if I'm wrong or right.
cheers