AXE breaking out from a 34 week Symmetrical Triangle (after a false move a few days ago).
Coincides with a 61-day Rectangle breakout. Needs to clear the midpoint of the Triangle (0.67)
for confirmation, though I would not expect that today. I am long with as stop @ 0.505 and a
measured target of circa 0.9
Not generally a fan of Symmetrical Triangles but with the Rectangle overlap I was willing to give
this one a shot.
My sentiment hold, as it has popped quite hard since my entry and risk/reward metrics have
changed somewhat. Still pretty decent IMHO, but I prefer to keep my sentiment in line with
what I actually do myself. Has run hard today (note the gap as well) and a slight pullback could
possibly provide a better entry...
GLTA
(20min delay)