Elite Swing Trades

[SwingKing]

It did break out of the triangle but that triangle is contained within a channel. Typically we'll see the top trend line on the triangle now act as support and more times than not we'll get a test of that trend line before a break of the upper channel if it doesn't happen on the first try. That does two things, it shakes out the weaker hands and gives the technicals a chance to reset before the next push higher. Just trying to show the entire picture so everyone understands what's going on. I'm in INUV and bullish on the play so I obviously want to see it go higher but this is normal behavior and to be expected.