SPN (S&P Energy Index) built into an ascending triangle in March 2020 as shown on this weekly chart.
If filled the projected target price 100% (or pretty close to it) in November 2022.
Following this peak, we've seen lower highs but also higher lows. A sign of indecision.
This indecision could turn into another ascending triangle. The fact that we have a golden cross (in blue) might increase the probability of this happening in the near future. We will have to wait and see to make sure of this.
I'll come back to this chart later when it clears up.
Again, stay humble, have fun, make money!
MAAX!
If filled the projected target price 100% (or pretty close to it) in November 2022.
Following this peak, we've seen lower highs but also higher lows. A sign of indecision.
This indecision could turn into another ascending triangle. The fact that we have a golden cross (in blue) might increase the probability of this happening in the near future. We will have to wait and see to make sure of this.
I'll come back to this chart later when it clears up.
Again, stay humble, have fun, make money!
MAAX!