MicroSrategy Shows Bullish Triangle-Brekout In View

١٩ يوليو

Looking at MicroStrategy, there is a very nice recovery from the 1190 area, but prices are not yet breaking out. Currently, there is some consolidation near the upper side of this contracting range around 1660, which could represent the upper levels for sub-wave D of a trinagle. Triangles are structured by a-b-c-d-e subwaves, so I assume that the price can still pullback a bit, and possibly fill the gap near 1400, from where I would be looking for the next move higher.
GH