ANET – Coiling beneath resistanceArista Networks continues to build a constructive pattern after its powerful April breakout. Rather than giving back gains, price has spent the last several weeks digesting inside a tightening symmetrical triangle while holding above a rising 50 EMA.
What I like:
* 📈 Bullish EMA alignment (8 > 20 > 50 > 200)
* ✅ Rising 200 EMA confirms the long-term uptrend
* 🔄 Healthy consolidation after an impulsive move higher
* 📐 Volatility contracting into a symmetrical triangle
* 🎯 Watching for a decisive breakout above the upper trendline
This is exactly the type of consolidation you want to see in a market leader. Buyers have consistently stepped in on pullbacks while sellers have been unable to force a lower low, creating an increasingly tight range.
A high-volume breakout could signal the next leg higher. Until then, patience is key—let price confirm direction before chasing.
Trend remains bullish while price continues respecting the rising 20 and 50 EMAs.
TraderSWRLS
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