Multi-month consolidation in Spotify could be interpreted as a symmetrical triangle. I'm looking to buy in the accumulation zone or the breakout above 294.
Trade active
long from 246Note
Closed above my accumulation zone on the weekly. Still long and looking to add on a breakout:Note
Yesterday we had a breakout and now a daily retest above the symmetrical triangle:Note
Breakout confirmed. Retest is possible at about $304, which could be a spot to add or buy if not involved:Note
Next leg higher in play:
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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.