We can see the bullish divergence playing out with the indicators and now a pretty clear Ascending triangle pattern forming on the 1-day chart. Good potential for a short term break to the upside with a good risk reward trade. Target 1: 120 Target 2: 132 SL: 99
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Put sweep spotted. 4/24 $105 Put 5,436 volume of trading suggests a downside break. Long Trade closed for no gain . Have a good weekend all.
@chaalz, more often than not this pattern breaks bullish, but can still possibly break down as a bearish pattern. This is the reason for the stop loss, no guarantees here.