NYSE Composite - Price Action Consolidated In A Triangle Pattern

7月7日(1) The price was in an upward trend before reaching the 17,500 level.

(2) Following that, the price began to decrease, experiencing a drop of nearly 21%.

(3) After finding support near the 13,300 level, the price rose and broke through the neckline of the Inverted Head & Shoulder pattern.

(4) Subsequently, the price increased and is currently consolidating within a triangle pattern.

(5) If the price successfully breaks out, the potential resistance level will be around 19,650.

7月14日

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UPDATE
According to our analysis, the Index has breached the ascending triangle pattern and is moving towards it's potential resistance level. A successful breakthrough could indicate more room for growth.

The NYSE Composite Index is expected to grow further to 19,650 level.