A text book ascending triangle pattern has formed for SPY with a 4.3% Bullish breakout potential.
Buyers have not been able to break through 422.
Looking for price action to break through 422 with increased volume to take position.
Buyers have not been able to break through 422.
Looking for price action to break through 422 with increased volume to take position.
Note
price broke through, not much volume.Order cancelled
I didn't enter a long position. Volume increase was selloff leading up to FOMC and dropped below support.
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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.