QSR been consolidating its gains after its run up from covid19 bottom. Stock is forming 3+ months ascending triangle and seems ready to begin its next move. Symmetrical triangles (unlike Ascending and Descending triangles) could end up becoming a trend reversal or continuation patterns depending on the direction they breakout into. the 200 MA is smack in the middle of the pattern which makes it even harder to assume a breakout one way or another. Best route as of right now is to leave bias at the door and wait for a decisive daily close outside chart pattern boundaries for direction confirmation.
Trade fechado: stop atingido
with a lose
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
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✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.