We're flirting with a breakout of this pattern right now. Four touches on the lower support line, a break above the EMA resistance, and a potential breakout have me bullish AF right now. The measured move of this breakout would put us right around the resistance at $9,100.
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This played out nicely. Looking great on the daily chart too. The 13 EMA is my favorite buy/sell signal, and we just broke above it on the daily time frame.
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