Would you consider that a bullish continuation pattern (something like a disfigured triangle) being formed?
IF it is, then shouldn't there be a breakout the next 1-3 days?
Bullish ! - Broke out of it's range in good volume - consolodating now until the next leg up - I would probably wait for a re-test of the 66 level before going long
Bullish ! - Broke out of it's range in good volume - consolodating now until the next leg up - I would probably wait for a re-test of the 66 level before going long
Would you consider that a bullish continuation pattern (something like a disfigured triangle) being formed?
IF it is, then shouldn't there be a breakout the next 1-3 days?
The chart is bullish by definition. In any individual case that means nothing. In a sample of 1000 or more, statistically you would expect to make money going long. That of course does not mean that every chart continues higher.
To make money requires that you also apply some money management rules to that statistical probability.
Would you consider that a bullish continuation pattern (something like a disfigured triangle) being formed?
IF it is, then shouldn't there be a breakout the next 1-3 days?