You should keep an eye on the Industrial ETF
Note the Rectangle Pattern on the daily Timeframe :
The price heading toward the Supply line (Resistance) for the 3rd attempt.
Note the Volume Pick on the Demand line Reaction (Support), note also the 2 Bottoms that formed before the last Rally,
The price is still above the MUT (Major Trend Line), and the overall picture is positive.
In a case of Rectangle Up Penetration, Im looking for long above the resistance of 80.07.
The price heading toward the Supply line (Resistance) for the 3rd attempt.
Note the Volume Pick on the Demand line Reaction (Support), note also the 2 Bottoms that formed before the last Rally,
The price is still above the MUT (Major Trend Line), and the overall picture is positive.
In a case of Rectangle Up Penetration, Im looking for long above the resistance of 80.07.