Long entry would be above red resistance line and XLK went over that today with a high of 128.14. A confirmed up trend is also a good idea as price can get sucked back in to the horizontal channel. There is also a possible rising and narrowing wedge..There is also an ascending triangle with the same break out level as the rectangle.
Rectangles are a period of consolidation and are continuation patterns as a rule. Mid rectangle (MR) can be a stop whichever way price goes.
Ignore pink line..I was planning to draw the ascending triangle but it runs right along the top rectangle trendline, so looked confusing (o: I can not go back and change it now.
Not a recommendation.
Top 10 Holdings
Apple Inc
23.08%
Microsoft Corp
19.54%
Visa Inc Class A
4.28%
NVIDIA Corp
3.99%
Mastercard Inc A
3.58%
PayPal Holdings Inc
3.03%
Adobe Inc
2.77%
Salesforce.com Inc
2.70%
Intel Corp
2.48%
Cisco Systems Inc
2.20%
Rectangles are a period of consolidation and are continuation patterns as a rule. Mid rectangle (MR) can be a stop whichever way price goes.
Ignore pink line..I was planning to draw the ascending triangle but it runs right along the top rectangle trendline, so looked confusing (o: I can not go back and change it now.
Not a recommendation.
Top 10 Holdings
Apple Inc
23.08%
Microsoft Corp
19.54%
Visa Inc Class A
4.28%
NVIDIA Corp
3.99%
Mastercard Inc A
3.58%
PayPal Holdings Inc
3.03%
Adobe Inc
2.77%
Salesforce.com Inc
2.70%
Intel Corp
2.48%
Cisco Systems Inc
2.20%
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.