ABC Correction Done? Symmetrical Triangle break on volume = 50k+
With the double bottom W able to break up and form new higher highs it seems the ABC correction "could be over" (highly probable it is not).
Catalysts could be PAYPAL earnings today AMC and the Microstrategy CEO summit on Bitcoin could propel this much higher.
Above is my mid term targets if this rally sees a continuation to the upside. Its hard to bet against this trend and it held up well in a historically bearish triangle top formation. That "elon" wick is the last stand for the bears and they will try and exploit the thought that this chart has already broken out.
So far, not impressive volume. Until I see volume this is just a small bullish impulse.
Safe and happy trading all!
Catalysts could be PAYPAL earnings today AMC and the Microstrategy CEO summit on Bitcoin could propel this much higher.
Above is my mid term targets if this rally sees a continuation to the upside. Its hard to bet against this trend and it held up well in a historically bearish triangle top formation. That "elon" wick is the last stand for the bears and they will try and exploit the thought that this chart has already broken out.
So far, not impressive volume. Until I see volume this is just a small bullish impulse.
Safe and happy trading all!
Feragatname
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