The symmetrical triangle broke out, we are now riding the res throwback from which I believe we will burst up higher from. On the chart, I've highlighted the price bursts which happen around end of day / margin call time.
Note
133 is the price level that needs to be taken out on the upside. I expect another margin call / short cover / delta hedge algo to run amok as 3:00 pm rolls around.Note
Throwback to old $184 resistance and bounce. Very nice!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.