An ascending triangle formation and an approaching confluence with the triangle's upper line and the 50.0% fibonacci leg might give an opportunity for an already bullish momentum to continue pushing price higher until the 61.8%. The next earnings report should be the main driving force to reach new all-time highs and therefore breaking an almost 2 year old resistance line. Moreover, the presence of a three white soldiers candlestick formation on the monthly chart respecting the triangles shape gives me an insight into a willingness to maintain bullish momentum.
My view is to wait and see. Most probably the upcoming two weeks will give more insight about the validity of this weekly pattern.
My view is to wait and see. Most probably the upcoming two weeks will give more insight about the validity of this weekly pattern.
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