Traders all over markets Symetrical Triangle pattern
It's about 4:00 p.m. central. The markets been closed for about an hour now and I've been thinking. Thinking about that symmetrical pattern I alerted you to yesterday and it's bullish potential. If you look at a 60 minute, or even a daily chart you can see it plain as day. Just draw the trend lines over the first two lower highs(and through todays breakout) and under the first two higher lows and you'll see a triangle take shape right before your eyes. It's now appears to have broken out to the upside and that's definitely bullish....unless it fails. And I'm concerned (as usual). Volume was very light. The breakout on a triangle like this should be accompanied by much higher volume. That low volume raises the possibility of an almost immediate failure. So watch out tomorrow. The markets are very overbought short term. A slow grind higher would be bullish but any breakdown could be violent. On another note, I want to encourage you if you haven't looked at the Investment Strategies we offer, you should do so. These are turn key mechanical trading programs that have had tremendous success. I believe these programs offer a great alternative in the environment we currently find ourselves in. Take a look and let me know what you think. They can be accessed through the Investment Strategies tab on our main site www.gfgtoday.com.

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