My first published idea. Not to be taken at face value but just wanted to share my own insight. Still getting the hang of Tradingview.
Bullish ascending wedge (resistance) tested twice @ $248. Market seems to be going sideways for a bit before inevitable breakout @ $250 (fingers-crossed).
If breakout doesn't occur before China wakes up, I'd hold and see how it goes from there.
Bullish ascending wedge (resistance) tested twice @ $248. Market seems to be going sideways for a bit before inevitable breakout @ $250 (fingers-crossed).
If breakout doesn't occur before China wakes up, I'd hold and see how it goes from there.
Comment:
Well, it did break out the wedge, just in the opposite direction. Throwing this out the window but still holding.
Comment:
Still trending sideways. My position is currently neutral. I can see a few corrections to follow before it pushes through the $250 wall. Still looking like a bullish triangle to me, just waiting to push through.