Watching to see if we break the up side of a long term triangle

11 Feb

EA The daily chart shows a pennant forming, which has been broken by closing above the top of the pennant @ $140.


In the weekly view (shown here), there's a triangle pattern. Top of the triangle is ~$151 and was established in 2018 and tested in 2021. If the top of the triangle is tested and broken (closing above $151 for the week), then this has a lot of upside.

If $151 is tested and rejected, then we're heading back down to test the lower edge of the triangle.

Good Luck!