Bestbuy Breakout

1 thg 2, 2019

Looking at this chart we are able to see an ascending triangle. With the rising support and same resistance there can only be two outcomes, if the resistance is broken we can look to ride the momentum to the .618 fib mark before taking profits. IF RESISTANCE IS UNBROKEN set a close stop loss; we can only sustain price level hitting the resistance few times before losing support levels.