Either a glimpse of hope or troubling price action
Well as you all know I'm in Disney... Been in the trade to the long side for a while now, and I just wanted to keep you guys updated on the trade.
Price Pattern 1: Ascending Triangle (Bullish)
- We have a potential ascending triangle forming for a break above 105.00
- If we get a break above 105 the next level of resistance is 107.60
Price Pattern 2: Bear Flag (Bearish)
- We also have a potential bearish flag forming.
- For confirmation of the pattern we need a break & close outside of the flag pattern.
- If we do get a break below the next area of support is around the 95.60 level.
Hope you like the chart, cheers! =)
Price Pattern 1: Ascending Triangle (Bullish)
- We have a potential ascending triangle forming for a break above 105.00
- If we get a break above 105 the next level of resistance is 107.60
Price Pattern 2: Bear Flag (Bearish)
- We also have a potential bearish flag forming.
- For confirmation of the pattern we need a break & close outside of the flag pattern.
- If we do get a break below the next area of support is around the 95.60 level.
Hope you like the chart, cheers! =)
Trade active:
Still holding onto the position. Hold fast =)
Trade active:
Watch for a potential pullback to broken resistance turned support around the 104.00 area.