We broke above triangle pattern, now we are in pullback. Could we break this short term resistance and make another move up? Anything below 2k means we are more likely to head down from there. OBV indicator is forming bullish divergences.
There is still room to go up if purple support trend line holds. However, if we go below 55k, then we could be talking about this ascending wedge being validated and breaking downwards; and looking to buy at Fibonacci support levels for quick bounces if that happens.
A lot of breakouts this week, expecting big moves up on the market as a whole. This is just one chart plucked from many options.. Nice triangle formed that we broke out of, then formed a nice bull flag that we are breaking up out of..
Multiple downtrend resistances broken after a long accumulation period. Broken up out of a symmetrical triangle, we entered into a bullish ascending triangle. We have broken above the ascending triangle pattern, pulled back to the breakout point, which held as support for the last two days with wicks. Huge upside potential here with low risk.