Google textbook breakout setting up
Here you see the boundries of technical analysis. Its showing something for the bears and something for the bulls.
If you ask me i prefer the bull scenario, because we are in an uptrend overall, and this could be a consolidation for the next leg higher.
But what do i know. ITs all about having a plan, and for now its just a waiting game.
Blessings.
If you ask me i prefer the bull scenario, because we are in an uptrend overall, and this could be a consolidation for the next leg higher.
But what do i know. ITs all about having a plan, and for now its just a waiting game.
Blessings.
Note
Following up on this analysis. It looks like the bulls are starting their move higher.If you like weekly outside bars, you have to love google.
This chart is looking very constructive right now, i am looking for dips into 950 for a long entry.
Trade closed: target reached
Nice profits.
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Related publications
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.