Hello,Let's look at SPX
We have an Ascending Triangle that formed from early days of 2018 and we are just broke it.
It's a bullish sign that i expect to continue till first touch with blue dashed line like red arrows.After that i expect to test this triangle as support again and then continue.
But what if it can't continue way up from here?i draw with black arrow my expectation.
I can't trade stocks in my country and because of that It's not a trade signal and i just publish my thoughts here.
Good Luck
We have an Ascending Triangle that formed from early days of 2018 and we are just broke it.
It's a bullish sign that i expect to continue till first touch with blue dashed line like red arrows.After that i expect to test this triangle as support again and then continue.
But what if it can't continue way up from here?i draw with black arrow my expectation.
I can't trade stocks in my country and because of that It's not a trade signal and i just publish my thoughts here.
Good Luck