Long
New STR Breakout imminent?
Updated
I expect a breakout from either ascending triangle.
If it breaks out from the short term pernnant, it would probably happen within the next hour, the price is rising above the 800 mark as I type.
If it wants to break out from the longer term triangle, it might take a little longer.
This could be the start of another leg up.
Good luck!
If it breaks out from the short term pernnant, it would probably happen within the next hour, the price is rising above the 800 mark as I type.
If it wants to break out from the longer term triangle, it might take a little longer.
This could be the start of another leg up.
Good luck!
Trade active
STR struggles to break the long term trend line set up by its run to 450 on 3rd of April. Little surprise there.We are also on the 4.671 fib circle line from that previous run.
This seems to be a crucial junction here. Let's see how this turns out.
Macroview below:
Note
short term pennant breakout confirmed... now for the big one...
Trade closed: target reached
Trade closed as it might retrace from here, i.e. potentially forming a new cup and handle.
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.