City Lodge Symmetrical Triangle getting closer to the breakout
Which way?
Symmetrical Triangles are generally known as Continuation patterns. This means, when the price breaks out it normally moves in the trend of the prior direction...
However, the trend has been sideways before this. It's been in the Twilight Zone for over a year.
And it gets worse.
When the price oscillates up and down in between the 200MA - You know it's in complete indecision.
Many lessons to learn from this chart and this market. Many technical analysis tips you can add to your acumen and arsenal.
And as City Lodge is in the Hospitality sector, things haven't gone up since Covid... The prices have become more expensive. The seasonal pricing are vastly different and most people just don't have the money like they used to.
It's what I call the slight depression. The rich are getting ridiculously richer and the poor are struggling to even afford Lotto tickets.
And this will get worse and worse. It's time to think above and beyond the system and mentality of the sheeple. And break away.
So there is not much we can do with CLH other than wait for a break up.
But if it breaks down, we can only watch it fall further.
My two targets are in place and my humility is intact because I have NO idea which direction it wants to break.
Symmetrical Triangles are generally known as Continuation patterns. This means, when the price breaks out it normally moves in the trend of the prior direction...
However, the trend has been sideways before this. It's been in the Twilight Zone for over a year.
And it gets worse.
When the price oscillates up and down in between the 200MA - You know it's in complete indecision.
Many lessons to learn from this chart and this market. Many technical analysis tips you can add to your acumen and arsenal.
And as City Lodge is in the Hospitality sector, things haven't gone up since Covid... The prices have become more expensive. The seasonal pricing are vastly different and most people just don't have the money like they used to.
It's what I call the slight depression. The rich are getting ridiculously richer and the poor are struggling to even afford Lotto tickets.
And this will get worse and worse. It's time to think above and beyond the system and mentality of the sheeple. And break away.
So there is not much we can do with CLH other than wait for a break up.
But if it breaks down, we can only watch it fall further.
My two targets are in place and my humility is intact because I have NO idea which direction it wants to break.
✅ Facebook:
facebook.com/groups/matitrader
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𝕏 (Formerly Twitter):
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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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