POE seems to be setting up for a bullish triangle. RSI also supports the triangle scenario. The triangle offers multiple trading opportunities if recognized early. The big play is to buy at confirmation at the break of the trendline after wave E. usually after the break there is a retest of the trendline and then the move will be to the upside to at least above the start of the triangle. The smaller plays are to sell at the top trend line and buy at the bottom until a breakout occurs.
Commentaire:
POE continues to trace out this long winded triangle.RSI continues to support the triangle analysis.