STI Index – Artistic Charts (Expanding Triangle Pattern)

 

straits times index sti 210715

This is a critical point for the STI Index, after 8 consecutive up bars in an expanding triangle. It could go one of 2 ways from here, so I’ll be watching closely:

1) Form a bull flag and break to new highs
2) Fall back to the bottom of the expanding triangle

Either way, the RR (reward-risk) will be good if we get in early.

For those in the private forum, stay tuned! 😀

Cheers
Spencer
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