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! 😀

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About the author

Spencer Li is a trader, investor and entrepreneur who currently manages his own portfolio of stocks, REITs, currencies, cryptocurrencies, properties, and businesses. As a former professional in private equity and proprietary funds, he has over 10 years of market experience, and has been featured on more than 20 occasions in the media. As an international speaker and avid globetrotter, he has travelled to over 50 countries to spread his knowledge.

 

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