Nice flag on the 4hr, along with tight BBANDS = Launch it
We Have a beautiful triangle forming just after the handle on our cup and handle pattern. This also appears to be coinciding with a very tight set of RSI bands in our Bollinger Bands setup (indicating volatility is incoming). If we can manage to break out of this triangle and close a 4hr candle above ~9450 I feel we will see a revival of this run up.
Haven't seen anyone else post this triangle so figured i would make a short post.
Be sure to stick to your trading plan and invest safely out there! Throw a like if you made it all the way to the end :)
Haven't seen anyone else post this triangle so figured i would make a short post.
Be sure to stick to your trading plan and invest safely out there! Throw a like if you made it all the way to the end :)
The farther forward you progress in the triangle the more likely a downward break. You also usually won't break the triangle until 2/3 of the way through.