From the desk of Steven Strazza @Sstrazza
In last week’s Mystery Post, we discussed this chart and posed the question as to whether or not it was about to finally break out above those prior highs.
With price coiling in a bullish flag-like continuation pattern, yet showing waning momentum – responses we’re mixed with many wanting to wait for more information.
The chart was a long-term look at the Global Auto ETF $CARZ. And as far as the impending breakout is concerned, it looks like we got our answer this week…