Yesterday we talked about a potential trade set up (long) for TSO, there were a few things we'd be looking for.
You may recall the large triangle, this could also be a short set up although that wasn't my initial impression, but after taking another look at it, this is pretty large for a consolidation triangle. The point is, we need a head fake move below or above the triangle to determine what is going on and that is likely to set up a trade.
And this morning, it's moving in the direction we were looking for yesterday.
If interested, set some price alerts just above and below the triangle.
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