Just a little comment cleaner for you guys.
Was looking at AMZN this evening and it looks like this would be a nice play if it breaches 48. Probably good for 4-5 points.
Alright, I’m off – have some NinjaScript coding to get into. Good stuff to come on the Zero front 😉
I’m back with XLU – check it out.
What’s the chance this sucker pulls back into that ascending triangle? FYI: an ascending triangle is usually a bullish formation that usually forms during an uptrend as a continuation pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns. I think we might have ourselves the rare case of the latter here – an ascending triangle breakout to the bottom finalizing its downtrend. BTW, I also love that ominous candle there… what you guys think?