Ascending Triangle. 5% near-term gain, 18% long-term.

$VIRT is continuing to form a nice ascending triangle pattern on the daily. A breakout of this pattern could lead to a near-term 5% gain at the next resistance line from previous breakouts. Longer-term a gain of 18% to the next resistance level around $30 is possible.

Trade stängt manuellt:

Bad earnings report coupled with a breakdown on the trendline, exited for better setups.