+ Still under consolidation
+ Price move within symmetrical triangle. Formed . Where's E going to be ?
+ Symmetircal Triangle is 1 of popular continuation pattern.
+ Price moved above lower .
- still negative but improve. Expect +ve FI soon.
o Suggest to partial buy if price able to break above triangle and stay above 76.11 (R1).
o Further Buy if price break R2 (Record High) R2.
+ Good Risk/Reward Ratio > 2
Right now Stochastic is at oversold region for few days... Good to take some profit and leave some until sign of reversal candle appears.. Right now still bullish
Considered breakout as long as it breaks the triangle/pennant. Time duration can be 3 weeks to 3 months.. If 3 weeks, it is usually considered a pennant.