adalovelance

TAN Bullish Rectangle

Long
AMEX:TAN   Invesco Solar ETF
NOT A FINANCIAL ADVICE - THE INFORMATION GIVEN IS MY PERSONAL OPINION. USE AT YOUR OWN RISK !!!

We might want go to long if RSI breaks its trend-line, also if TAN breaks it's resistance level.

Rectangle shape is transforming for 2.5 months now which exceeds it's chances to break.

You might want to keep TAN on your watchlist to be updated if it's shape is actually working.

How to exceed your safety if TAN breaks it's shape:
1. Enter only if candle breaks & closes.
2. For higher safety - wait for another candle.
3. Set TP before expected resistance.

Be safe.
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.