Breakout is coming !

We had a lot of good news that we recieved in the past few days :

• USA Economy is doing great !
  
• No interest rates hikes for another month !
  
• Covid lockdowns are mincing !
  
• Inflation is probably to cool off a little.
  
• Lower oil prices.
  

Technical analysis :

Ascending triangle is forming. A breaakout maybe coming...

Entries :
every touch on the red trend line (wait for fakeouts which is not very probable seeing the nasdaq very bullish performance.

Stop loss :
This pattern is invalidated if the price closed at the 4h below 22,4 K.

Targets :
Depending on textbooks patterns the goal stays between 28,4K & 29,5K

Happy trading y'all ! Boost the idea if you liked it.

Yorum:

Do you think we're going to breakout ?
Where do you think that a perfect entry and exit would be ?