CarMax Stock Discussion

entered on trendline support. exit at resistant. this stocks doesn't has false break(horizontal support break) recently as it create higher high  and higher low. for pattern trader, this is consider as acending triangle. there are still potential ways to trade this stocks when another pattern form.
#tradereview #priceaction

1. acending triangle, buyer are willing to pay at higher price.
2. price shows rejection at trendline
3. good risk to reward.
sometimes just these few simple concept can make you pull the trigger to enter.
*if you look at a longer time frame, it forms higher low into a very strong resistant. this trade is an anticipation of reversal from a downtrend with a consolidation with higher low into resistant (potential accumulation stage) and anticipate a breakout if it happen...

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