That 50-day moving average is acting as a real pressure point right now. You've got an ascending triangle forming just below it—tension's building and something's gotta give.
Here's what matters: if we get a clean break above with solid volume backing it up, you're looking at trend continuation. The setup works. But if this level rejects the move? That's when things get tricky—could easily flip into a trap and reset lower.
The key takeaway: don't jump in without confirmation. Volume is your friend here. No confirmation, no trade. That's the discipline that keeps you out of trouble.
That 50-day moving average is acting as a real pressure point right now. You've got an ascending triangle forming just below it—tension's building and something's gotta give.
Here's what matters: if we get a clean break above with solid volume backing it up, you're looking at trend continuation. The setup works. But if this level rejects the move? That's when things get tricky—could easily flip into a trap and reset lower.
The key takeaway: don't jump in without confirmation. Volume is your friend here. No confirmation, no trade. That's the discipline that keeps you out of trouble.