REAL setting up a #Rectangle #Breakout
REAL setting up a nice rectangle, one of my favorite chart patterns. There is no indication yet on the breakout direction. Volume pattern balanced and not showing a bias yet. Put it on your watch list and wait for a breakout signal. The breakout to the upside could catch momentum quickly if it happens as rectangle resistance merging with 200 day MA. Promising chart setup that will get underway in the next few days.
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
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✔ Follow me on Twitter @taplot - twitter.com/TaPlot
✔ YouTube channel youtube.com/@taplot
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