Clear triangle. Wait, don´t trade until you know which way price is going to break the triangle.
FUTU in daily view, is clearly in a box. Earnings and sales are up. We could wait for entry, but stoploss position is clear under box.
This penny just had a long ichi signal. A low risk stop might be easy to locate. Might enter with a small position.
Price is geting near the apex of the triangle. Soon we will know which way to go.If price breaks the upper side of the triangle, a long position is possible with a stoploss inside the triangle. If price goes down and crosses the lower side of the triangle, then a short position is possible with a stoploss inside the triangle. We need to be patient.
Watch for a possible bear pattern around the end of February.
I think we have a good setup here for a long position. Stop loss under last candle.
GLD weekly view might be drawing a cup and handle bullish pattern. Lets wait and see.