Ascending triangle.
The breakout should see an increase in volume (I would have expected more).
The upper resistance should become a support on subsequent dips after the breakout
Minimum price objective is the height of the triangle projected upward from the breakout point.
In conclusion:
Short term - go short - price target 392.5 (circa)
Long term - go long - price target 540 (circa)
The breakout should see an increase in volume (I would have expected more).
The upper resistance should become a support on subsequent dips after the breakout
Minimum price objective is the height of the triangle projected upward from the breakout point.
In conclusion:
Short term - go short - price target 392.5 (circa)
Long term - go long - price target 540 (circa)
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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.
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.