Previous Double Bottom Pattern (Invalidated)
New Pattern:
Symmetrical Triangle
Price target if breakout to the upside: $168- $169
Price Target if break to the downside: $150- $151
If Price Breaks Above Top of Triangle: Wait for a Retest (to confirm support), Then Enter Long
If Price Breaks Below Bottom of the triangle, Wait for a Retest (to confirm resistance), Then Enter Short
Note:
Tomorrows Fed meeting could have either positive or negative implications for the Market in General.
New Pattern:
Symmetrical Triangle
Price target if breakout to the upside: $168- $169
Price Target if break to the downside: $150- $151
If Price Breaks Above Top of Triangle: Wait for a Retest (to confirm support), Then Enter Long
If Price Breaks Below Bottom of the triangle, Wait for a Retest (to confirm resistance), Then Enter Short
Note:
Tomorrows Fed meeting could have either positive or negative implications for the Market in General.
Trade active
Broke above the symmetrical triangle;If Support holds on the re-test, I expect a bounce to the upside price target.
Trade closed: target reached
1st: Price broke to the upside, and the re-test of the support held.2nd: There was a quick fake-out to the downside,
3rd: A strong earnings report, helped push the price up to our initial target.
Message me if you have any requests regarding a particular stock or crypto. I''d be happy to share my thoughts / analysis.
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.
Message me if you have any requests regarding a particular stock or crypto. I''d be happy to share my thoughts / analysis.
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.