SUB - Potential Break out of Triangle.
SUB had looked pretty promising after forming a bullish divergence but because of recent events and the market tanking, we didn't get so lucky.
I do see a symmetrical triangle forming which could play either way, bullish or bearish but I' am going to stay optimistic on this one and say we see a breakout to the past S/R. After hanging around there, we should get a nice push to around .2000.
Indicators:
- Volume has increased
- Buy Book has increased
- MACD cross confirmed on the 4 hr.
- RSI Bullish/ Double Bounce
Let me know what you think and if you see anything that you don't agree with, it would be appreciated.
I do see a symmetrical triangle forming which could play either way, bullish or bearish but I' am going to stay optimistic on this one and say we see a breakout to the past S/R. After hanging around there, we should get a nice push to around .2000.
Indicators:
- Volume has increased
- Buy Book has increased
- MACD cross confirmed on the 4 hr.
- RSI Bullish/ Double Bounce
Let me know what you think and if you see anything that you don't agree with, it would be appreciated.
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