Break up on Valentine's Day
Looks to me like an ascending triangle with a bunch of tests of 48.2k. I was prepared for a larger break down to the trendline at 45k, especially with the embarrassingly weak action the last few days. It may still, I'm not totally convinced.
Anyway, the closer we creep to that top, the more likely we breakout... and I would guess the volume comes after a convincing breakout.
My initial target was
52K before a pullback, but this seems to have been the consolidation, and it may be a larger push to 60k before this consolidation or a correction happens again.
Anyway, the closer we creep to that top, the more likely we breakout... and I would guess the volume comes after a convincing breakout.
My initial target was
52K before a pullback, but this seems to have been the consolidation, and it may be a larger push to 60k before this consolidation or a correction happens again.
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