Hello Dear Swing Traders!
The triangle that we all can see as of the end of the US elections seems massive and strong enough for a good price move. On the other hand, the latest day struggle of bulls above the upper border of the triangle is to drive the investors to the conclusion that it is the time to jump into the car and maybe accelerate down until 10K. Taking into account the relevant support & resistance levels on the left-hand side of your graph, 10K seems to be a very good target of the "flag" scenario.
Yours,
ICBF Swinger Dagmar
The triangle that we all can see as of the end of the US elections seems massive and strong enough for a good price move. On the other hand, the latest day struggle of bulls above the upper border of the triangle is to drive the investors to the conclusion that it is the time to jump into the car and maybe accelerate down until 10K. Taking into account the relevant support & resistance levels on the left-hand side of your graph, 10K seems to be a very good target of the "flag" scenario.
Yours,
ICBF Swinger Dagmar