Trading is all about patterns and psychology & constantly striving to find an edge over the market that will put you in a position to outperform the market.
In this TA you can clearly see the pennant that broke out to the upside. (3 touches connecting the higher lows, and the 3rd touch connecting lower highs was invalidated) causing a bullish breakout.
I think we're going to see a similar pattern with continuation to the upside. The structure remains very similar while steadily securing higher lows across the chart.
Expecting to see 11400 - 11650 by August 5th at 2:30pm (EST)
Good luck.
In this TA you can clearly see the pennant that broke out to the upside. (3 touches connecting the higher lows, and the 3rd touch connecting lower highs was invalidated) causing a bullish breakout.
I think we're going to see a similar pattern with continuation to the upside. The structure remains very similar while steadily securing higher lows across the chart.
Expecting to see 11400 - 11650 by August 5th at 2:30pm (EST)
Good luck.
Trade active:
Not 100% accurate but you get the point ;) Congrats to those who secured a long position! Slight pull back here possible...greed level is still low we're not even near the top of the range. Good luck.
Comment:
Next target you ask????
11990 fellas.
See you boys there with a new chart.
11990 fellas.
See you boys there with a new chart.
grats to those who secured their bags