Pre-Xmas Squeeze Continues, But Breakout Yet To Begin: Final Weekly Update

As posted on Wednesday, my approach has just been to trail a simple long and not micro-manage and this proven successful as we continue to work our way up through the listed targets and as of writing just hit the big one at 4715. This multi-day squeeze again shows the power of the fake breakdown setup which triggered above 4595 as I’ve posted several times if there is generally only 1 pattern I’d trade it would be this and bull flags.

There is a new pattern developing now on daily chart which will be critical for the next multi-week move though, and still some RSI related risks that need to be touched on + some seasonal notes. Will get into now + the chart update