Ameritrade early triangle break to the upside

After a head and shoulders breakdown early may, Ameritrade had been correcting in a descending triangle that touched down on the 38.2% fib retrace measured from the late August 2013 lows. Breaking out of the downward trend line earlier this week, price pulled back to retest that line, closing with a bullish candle today. RSI is bullish after breaking its own 6 month downward trend line , with MACD rising/just crossing the zero line. On a relative basis, momentum is finally putting in higher highs.


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