On September 11, I mentioned that "something changed for McDonalds ($MCD). The stock not only broke down of its uptrend channel, in place since March 2019, but also broke its rising 50 daily moving average. All this happened on heavy volume, 2.3 times the average daily volume, also known as ADV. The RSI hinted on a bearish divergence for more than a month now." (see related post - chart added here for your convenience) Here's the updated chart where you can see how the price

Let's have a look at Square ($SQ) on a weekly chart. After a nice uptrend, the price went into a sideways range. From this back and forth (of price), you would be able to spot a symmetrical triangle (gray) and/or an ascending triangle (blue). In theory, a symmetrical triangle is where the price should break the sideways range and continue in the direction of the prevailing trend (in this case, up). Still in theory, an ascending triangle is where the price should breakout and