Ascending Triangle on weekly chart FXI
Updated
Generally Ascending triangle is for spotting continuation of existing trend but FXI is showing it after bottoming in
January 2016. Let us see what happens. Expecting price to print in 50 area in next 6 months. Yes, it is slow moving ETF, but good for options.
chartpatterns.com/ascendingtriangles.htm
January 2016. Let us see what happens. Expecting price to print in 50 area in next 6 months. Yes, it is slow moving ETF, but good for options.
chartpatterns.com/ascendingtriangles.htm
Note
IN-OUT Trade:FXI June 23 , Vertical spread 39.50/41.50 for $0.85 placed on May 30.
Current price is about $1 after 3 trading days.
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