Tightening up

104 2
Nice ascending triangle with an hourly bull flag . Given the bearish divergence in the RSI , I'm guessing there are a ton of short covers just above resistance, which would make a for an explosive break if it does occur. RSI has cooled off and is tightening up in a pennant and volume is increasing. I'm long if we can push through resistance with a high volume .

Love it. But without question, agree that volume is needed here.
dafster17 dafster17
@dafster17, Quickly breaking it down quickly on some other time frames, It has a bump and run vibe/look to it. If it breaks to the upside its going to need the volume and confrim or this can turn into a bump, run and roll to the downside. Not saying it will, just pointing it out. Good luck with the trade and I like your outlook!
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