If break out upward from this previous triangle fails/'busts' and lower trendline breaks then a short opportunity will arise. What we are looking for is a daily close below long term upward trendline. If this occurs, price will also be below 38% fib from local low to high. Target is daily volume profile node or lower. Short can be risked off a higher high +...
thepatternsite.com - thepatternsite.com - Friday busted the downward breakout. Now it's time to ride it up to the 128.14 target price but watch for the double bust / throwback. If it double busts, then the target price is 89.56.
thepatternsite.com - Friday was first bust after downward breakout. Ride up until next bust.
thepatternsite.com - Friday was the first bust after the downward breakout. Ride it up until it busts again
See my linked idea to the past APOG post. You should have shorted on the 11th but now is the time to buy as it has just busted and is heading up again.
The busted triangle caused a higher price surge over the past few days. News supports growth. thepatternsite.com thepatternsite.com
The long downward price trend leading to the triangle indicated that it should be an upward breakout. However, the downward breakout left me waiting for the pullback. That pullback has just started occurring after a good surprise earnings report. That and the Stoch RSI indicating a shift to more buying pressure, shows that this triangle is busted and should be...
Original triangle pattern was bullish but broke out down. After the bust at the bottom, it should continue to approach the 30.38 target price. thepatternsite.com thepatternsite.com thepatternsite.com