Bullish Triangle Breakout hits target exactly b4 consolidating

As you can see the BUlls broke upward out of the pink triangle and climbed to almost the exact projected price before going back into consolidation mode....We have still yet to hit the projected target for the purple descending wedge breakout however so I anticipate this current consolidation will likely result in another bull flag break out. The probability certainly faors that outcome...however it's always wise to keep your eyes open for any curveballs and set wise stoplosses should a bearish breakout occur. Another great sign is we have closed another 4 hr candle above the buy sell line that makes 4 consecutive 4hr closes above the 50SMA Buy Sell Line! This is huge because all it takes is one more 4hr close to confirm we are back in a buyers market...just in time for the beginning of the 2nd Quarter of the year. Some more aggressive traders would probably already consider 3-4 closes above the buy/sell line on the 4 hour a sign that we are in a buyers market but it's the 5th candle closing that truly confirms it...based on the current consolidation behavior however I'd go out on a limb and say it will definitely close above the 50 sma which will only be another great signal for the bulls making the probability of a bullish breakout from the current forming bull flag pattern that is forming in consolidation have very sstrong probability to be a bullish breakout....because of this I've gone ahead and put a dotted green projection line of how far this bull flag could take us....as you can see it conveniently would take us right up to the top blue fib retracement line, which would likely act as resistance for awhile at that point...however we still have a slight bit further to go to hit the original catalyst of this whole bull run(the purple descending wedge)'s target but not much...once we make it there, be prepared for some temporary correction or retracement...but even then having such confirmation of a buyers market from the 50 MA I think as long as we continue to close above it we only continue to climb bullishly. Of course these are all jsut things I am reccomending for myself, and not financial advice ;) ;)

Comment:

looks like the latest bullflag consolidation is already trying to have abreakout as the new 4 hour candle has us back above 9,000. Great sign and should take us to the blue fib line within the next few candles.