SPY tightening, forming triangle, decision to follow NOV-DEC
Look for a breakout of this triangle to invalidate this pattern. Time range is end of Nov to mid Dec.
If the range keeps converging within the triangle a breakout to the upside or downside should be followed. A break on the downside could be big.
If the range keeps converging within the triangle a breakout to the upside or downside should be followed. A break on the downside could be big.
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.