Buying signals from the lesser triangle…

Prices fell out of the first triangle to immediately form a lesssor triangle  mysteriously missing its apex (an artifact of technology — don’t worry the apex is there,  just not yet apparent).

What is apparent is the eruption of prices out of the triangle.  The breakout has all the credentials of a valid breakout.  We will be more comfortable when prices make a new high, but until then there is only one prescription from the chart:  buy.

We bought the first tranche of a scale-in plan — very small.


Leave a Reply