tristan.rhodes

A story of 3 triangles (3 OF 3)

AMEX:SPY   SPDR S&P 500
20 3 0
Look at the three triangles in the linked charts to understand how triangle patterns can resolve.

The first triangle held for 2 days before the breakout.

The second triangle held for 3 days before the breakout.

The third triangle is still undetermined, but it will likely breakout before 7 days.
Good news = This finally broke out with a significant move on Day 7!

Bad news = It was an overnight gap so the move was mostly done by the time the markets opened. I don't have a great target for this triangle, but I will choose the height of the triangle, and choose $183.
Reply
Day 5 and SPY is still inside this triangle. I am expecting tomorrow to be the breakout day (up or down). Get your orders ready!
Reply
Today SPY tested the top of this triangle again, but there was no breakout today. We are running out of room in the triangle, so I think Monday will be the day.
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out