Bullish triangle setup for quick pump scalp

Oct 14, 2022

Since it pumped two weeks ago, ERN has been trading inside this triangle. Looks like a setup for a quick move upward before a larger correction and a continuation of the bear trend in line with the rest of the market. I think it's possible to have a 40% pump, if not more, but this would only be a quick scalp. I wouldn't forget to set a stop-loss though. But if ERN does hit a new high, then it will probably be time to short again.