- Breakout from Ascending triangle looks strong.
CHART - I
- S&P 500 Futures Hour chart is showing an Ascending Triangle in its hourly time frame.
- Break of this one can give good direction. Ascending triangles normally breaks on the upside. But that rule has been violated many times. So we can expect an upside or a downside breakout.
- Start entering after a breakout or breakdown for small profits. Small profits because of the small time frame, This being an hourly time frame chances of whipsaws are higher too.