bull pattern inside bull pattern inside bull pattern.

26 de mai. de 2019

this bullflag inside an inverse head and shoulders inside a bullish ascending triangle should provide a triple threat of bullish momentum that finally breaks us above the strong resistance at 8504 and allows us to achieve the elusive higher high on the weekly chart. We must always be ready for a potential fakeout of course but odds and probability strongly favor a successful bullish breakout. Targets for both the bull flag and inv h&s patterns are 8887 and the ascending triangle can take us into the 9.6k-9.9k region i've been predicting we'd reach been for awhile now before the correction its target is shown in the 9.7k range. Of course there is also a possibility that the ascending triangle is not just a triangle but an even bigger bullish pennant n which case we could break above 10k and even test 11k before the first significant correction. For now however that one is not quite as probable but we will have to see how things react once we reach the next major resistance just below 10k (assuming we break through 8504 resistance which probability highly favors)

26 de mai. de 2019

Nota

lol by the time i finished this idea 8504 had already broken lol. thats a very bullish sign and odds are good because of that this bullish breakout is confirmed. When I started writing this idea the price action was only just starting to peek its way above the op trendline of the ascending triangle

27 de mai. de 2019

Nota

inverted head and shoulders target hit with ease. next is the ascending triangle target.