LYV Technical Analysis: Bullish Continuation Pattern SignalsLive Nation Entertainment, Inc.BATS:LYVManiMarketsTechnical Analysis: LYV is exhibiting a strong bullish structure on the daily timeframe. Following a period of consolidation within a larger uptrend, the price has initiated a breakout from a symmetrical triangle pattern. This technical development suggests a high probability of trend continuation, with initial price objectives identified at 150 and 160. Analysis: Established Ascending Channel: The primary market structure is a well-defined ascending channel that has been in place since the lows of April. The price has consistently respected the boundaries of this channel, forming a clear pattern of higher highs and higher lows. This establishes the dominant trend as bullish, with the lower trendline acting as significant dynamic support. Symmetrical Triangle Consolidation & Breakout: Within this uptrend, the price action from May through mid-June formed a classic symmetrical triangle. This pattern represents a period of consolidation and contracting volatility, often preceding a significant expansion in price. Recently, a decisive bullish breakout has occurred, with price action closing firmly above the pattern's upper trendline. This breakout serves as a strong signal for the resumption of the primary uptrend. Key Levels: Support Zone (135.00 - 140.00): This horizontal zone represents a critical area of support, having been tested successfully in the past. It also aligns near the lower boundary of the ascending channel, creating a confluence of support that reinforces its significance. For the bullish thesis to remain valid, the price should hold above this area. Target 1 / Resistance 1 (150.00): The first upside price objective is located at the 150.00 level. This area aligns with the previous swing high from early May and represents a logical point for initial profit-taking or potential price reaction. Target 2 / Resistance 2 (160.00): Should the price overcome the 150.00 resistance, the next significant target is the 160.00 zone, which corresponds to the highs seen in late February. This level also coincides with the upper boundary of the long-term ascending channel. Outlook: The chart projects a potential trajectory following the breakout. An initial impulse move towards the 150.00 target is anticipated. It is common for price to perform a "retest" of the broken trendline (now support) before continuing its ascent. Such a retest could offer a favorable secondary entry point for traders aligned with the trend. Conclusion: The combination of an established uptrend, a clean breakout from a bullish continuation pattern, and clearly defined support and resistance levels presents a compelling case for further upside in LYV. The immediate focus is on the 150.00 level, with a secondary target at 160.00. Disclaimer: The information provided in this chart is for educational and informational purposes only and should not be considered as investment advice. Trading and investing involve substantial risk and are not suitable for every investor. You should carefully consider your financial situation and consult with a financial advisor before making any investment decisions. The creator of this chart does not guarantee any specific outcome or profit and is not responsible for any losses incurred as a result of using this information. Past performance is not indicative of future results. Use this information at your own risk. This chart has been created for my own improvement in Trading and Investment Analysis. Please do your own analysis before any investments.