QSR 3 Month #SymmetricalTriangle #ChartPattern

Sep 12, 2020

QSR been consolidating its gains after its run up from covid19 bottom. Stock is forming 3+ months ascending triangle and seems ready to begin its next move. Symmetrical triangles (unlike Ascending and Descending triangles) could end up becoming a trend reversal or continuation patterns depending on the direction they breakout into. the 200 MA is smack in the middle of the pattern which makes it even harder to assume a breakout one way or another. Best route as of right now is to leave bias at the door and wait for a decisive daily close outside chart pattern boundaries for direction confirmation.

Sep 17, 2020

Trade closed: stop reached

with a lose