Either we have a pennant or a flag.
Either one of these is pretty bullish IMO, but both have chances of seeing downward movement if the news is bad enough.
If we break up we should see $420.
If we break down from the pennant we could see $180 which is what a lot of other people are forecasting as well. We will see an upside to $420 as well.
In either case I am waiting for confirmation of a break out.
Remember do not buy the FOMO of the breakout. Wait for the first dip and the consecutive upward movement for confirmation for your buy.
If you buy right now its 50/50 and up to your favorite magic eight ball.
Happy trading!
My analysis is my trading philosophy and should not be taken as advice for your trades.
Trade responsibly.
Either one of these is pretty bullish IMO, but both have chances of seeing downward movement if the news is bad enough.
If we break up we should see $420.
If we break down from the pennant we could see $180 which is what a lot of other people are forecasting as well. We will see an upside to $420 as well.
In either case I am waiting for confirmation of a break out.
Remember do not buy the FOMO of the breakout. Wait for the first dip and the consecutive upward movement for confirmation for your buy.
If you buy right now its 50/50 and up to your favorite magic eight ball.
Happy trading!
My analysis is my trading philosophy and should not be taken as advice for your trades.
Trade responsibly.