Thanks for sharing. Longer term you have a nice rounding bottom formation (left edge on Feb '12), confirmation of the sym triangle should send it over the 81.6ish trigger and confirm. Could send this one to previous all time high @ 118.9. Thoughts?
Since the MAs are already moving up - you COULD, if you have risk tolerance, take a long here with a stop below the the trendline rather than waiting for the pattern to confirm. Since it's a weekly chart, it should take some time for this to work, but if it doesn't work, you'll know pretty fast. Just an idea.
Yes, that's exactly what I'm seeing. Mainly an option traders so already in this trade since yesterday (short term June calls). This one has a lot of "fake" breakouts which makes the descending trendline a bit blurry. Hard for me to reproduce on Tradingview but my breakout is probably around 81.6-82.0 range. Will be looking for volume confirmation as well as breakout hold (did i say "fake" breakouts) for adding some OTM medium terms. Thanks for the second set of eyes on this. Love your charts!