Price has broken out of the triangle formation after a rejection at weekly support level 1480 was made. Price has broken out of the long term descending trendline, showing that price may look to resume the long term uptrend & continue higher. Will be watching the orange zone below which aligns with the 50 fibonacci for a bullish reaction which also will align with a retest of the trendline & momentum can push price back higher.
Note
Order cancelled
Setup invalidated, break below the trendline made as stocks breaks the all times highs
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Disclaimer
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.