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fluffystat
Oct 21, 2023 9:26 PM

POWW possibly triangle breakout to the upside \(^0 - 0^)/ Long

AMMO, Inc.NASDAQ

Description

Looks like a tight flag is forming on the daily chart, though it's only been three days and there is no interaction with the daily timeframe moving averages.

On the 1hr and 15 minute timeframes there is a clean looking triangle pattern. I would see what happens on Monday morning and if it breaks the triangle try out an entry, leaving your stop loss just below the candle you entered on.

Maybe in a situation like this you could aim for a trade based on the hourly chart, closing the full position when it closes below the 10 SMA.
Comments
MyCryptoParadise_Nathan
Thanks for sharing your expertise.
NYAZ13
descending tri. lol. I mean.
NYAZ13
It looks like an ascending triangle with support at 2.60 also. Hope you are right.
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