Breakout is coming !
Updated
We had a lot of good news that we recieved in the past few days :
Technical analysis :
Ascending triangle is forming. A breaakout maybe coming...
Entries :
every touch on the red trend line (wait for fakeouts which is not very probable seeing the nasdaq very bullish performance.
Stop loss :
This pattern is invalidated if the price closed at the 4h below 22,4 K.
Targets :
Depending on textbooks patterns the goal stays between 28,4K & 29,5K
Happy trading y'all ! Boost the idea if you liked it.
- USA Economy is doing great !
- No interest rates hikes for another month !
- Covid lockdowns are mincing !
- Inflation is probably to cool off a little.
- Lower oil prices.
Technical analysis :
Ascending triangle is forming. A breaakout maybe coming...
Entries :
every touch on the red trend line (wait for fakeouts which is not very probable seeing the nasdaq very bullish performance.
Stop loss :
This pattern is invalidated if the price closed at the 4h below 22,4 K.
Targets :
Depending on textbooks patterns the goal stays between 28,4K & 29,5K
Happy trading y'all ! Boost the idea if you liked it.
Note
Do you think we're going to breakout ?Where do you think that a perfect entry and exit would be ?
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.