The entry is to accumulate when price gets closer to the red line (20 SMA Weekly.)
Most people are drawing the symmetrical triangle, you can draw it however you want. But I've been looking at this as an ascending triangle with the bias to the upside. We're still in consolidation, so don't rush it. The signal is to wait for the Parabolic Sar to flip bullish (underneath price) on the weekly. That will be your signal for uptrend reversal.
Until then, we're just in a massive weekly ascending triangle that is consolidation.
Most people are drawing the symmetrical triangle, you can draw it however you want. But I've been looking at this as an ascending triangle with the bias to the upside. We're still in consolidation, so don't rush it. The signal is to wait for the Parabolic Sar to flip bullish (underneath price) on the weekly. That will be your signal for uptrend reversal.
Until then, we're just in a massive weekly ascending triangle that is consolidation.
