Symmetrical Triangle - Update
Updated
HD catching my eye here after it bounced off the long-term uptrend it has been holding- Currently sitting right on its 200-day EMA, seemingly looking to reclaim and close above the .786 FIB level, MACD cross on the 4-hour, forming a big symmetrical triangle while also starting to break out of a falling wedge on the hourly timeframe. Additionally, HD formed a massive bullish shark harmonic pattern- Personally am bullish and will be looking for a breakout here (Broader Market Conditions Permitting) Just some FIB levels & RSI-based supply and demand zones to keep an eye on in the meantime - Previous charts are attached below
- Bullish Shark Harmonic Pattern
- MACD Golden Cross on the 4-Hour Timeframe (Not Pictured)
- Breaking out of a falling wedge on the hourly timeframe (Not Pictured)
- Sitting on the 200-day EMA as well as the .786 FIB level
- RSI starting to get out of oversold territory with buyer volume picking up
PT1- $360.68
PT2- $361.17
PT3- $362.12
PT4- $354.20
--Previously Charted--
https://www.tradingview.com/i/33wDkZIe/
- Bullish Shark Harmonic Pattern
- MACD Golden Cross on the 4-Hour Timeframe (Not Pictured)
- Breaking out of a falling wedge on the hourly timeframe (Not Pictured)
- Sitting on the 200-day EMA as well as the .786 FIB level
- RSI starting to get out of oversold territory with buyer volume picking up
PT1- $360.68
PT2- $361.17
PT3- $362.12
PT4- $354.20
--Previously Charted--
https://www.tradingview.com/i/33wDkZIe/
Note
**PT4- $364.20** Apologies for the typoNote
PT1 PT2 & PT3 Reached ✅
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