A few bullish patterns possible
A few different bullish patterns appear to be forming. The two potential bullish pennants are shown in yellow. It could also turn out to be a bullish flag.
Either way the Target, Entry, and Stop is shown.
Watch for Fib resistance/reversal when nearing the target. Also a long-term cup & handle will reach it's target just above our pennant target.
Probably best to take profits at the Fib, the pennant's target, and then the green line above which is from the cup & handle.
When approaching the target zone set stop losses according to your RR.
MACD is moving up.
RSI is moving up.
NFA. This is for my own hindsight.
Either way the Target, Entry, and Stop is shown.
Watch for Fib resistance/reversal when nearing the target. Also a long-term cup & handle will reach it's target just above our pennant target.
Probably best to take profits at the Fib, the pennant's target, and then the green line above which is from the cup & handle.
When approaching the target zone set stop losses according to your RR.
MACD is moving up.
RSI is moving up.
NFA. This is for my own hindsight.
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