Busted Ascending triangle. Long after confimration that descent from rising wedge is complete.
Short is low and NV is high
Long term uptrend noted
A bearish rising wedge. APH has broken bottom trendline of rising wedge. Rising wedges are different than triangles as both trendlines slope up. It is possible for price to break up and out of a rising wedge, this one did not, but the break up is often anemic and shows weakness within 2 weeks after break up.
A sharp decline may ensue after a break up from a RW after the high is reached. 60% of the time, according to Bulkowski, a rising wedge breaks downward.
At the top, a rising wedge is often bearish and is a long term pattern, 3 weeks minimum. A stock can travel in a RW for a long time. Pull back from a rising wedge pattern is an average of 36% but can break to the lowest valley of the rising wedge. Draw a horizontal trendline from point A. It seems strong stocks do not break as far down as weaker ones do. The pattern is confirmed when price breaks a trendline. APH has already broken down 103.56 and resumed upward.
Possible T2 161
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates in two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors. It also provides value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products; and other products comprising antennas, flexible and rigid printed circuit boards, hinges, molded parts, production-related products, sensors and sensor-based products, and switches. The Cable Products and Solutions segment offers coaxial, power, and specialty cables; cable assemblies; and components, which include combiner/splitter products, connector and connector systems, and fiber optic components. The company sells its products through its sales force, independent representatives, and a network of electronics distributors to original equipment manufacturers, electronic manufacturing services companies, original design manufacturers, and service providers in the automotive, broadband communication, commercial aerospace, industrial, information technology and data communication, military, mobile device, and mobile network markets. Amphenol Corporation was founded in 1932 and is headquartered in Wallingford, Connecticut.
Short is low and NV is high
Long term uptrend noted
A bearish rising wedge. APH has broken bottom trendline of rising wedge. Rising wedges are different than triangles as both trendlines slope up. It is possible for price to break up and out of a rising wedge, this one did not, but the break up is often anemic and shows weakness within 2 weeks after break up.
A sharp decline may ensue after a break up from a RW after the high is reached. 60% of the time, according to Bulkowski, a rising wedge breaks downward.
At the top, a rising wedge is often bearish and is a long term pattern, 3 weeks minimum. A stock can travel in a RW for a long time. Pull back from a rising wedge pattern is an average of 36% but can break to the lowest valley of the rising wedge. Draw a horizontal trendline from point A. It seems strong stocks do not break as far down as weaker ones do. The pattern is confirmed when price breaks a trendline. APH has already broken down 103.56 and resumed upward.
Possible T2 161
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates in two segments, Interconnect Products and Assemblies, and Cable Products and Solutions. The Interconnect Products and Assemblies segment offers connector and connector systems, including fiber optic, harsh environment, high-speed, and radio frequency interconnect products, as well as antennas; power interconnect products, busbars, and distribution systems; and other connectors. It also provides value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products; and other products comprising antennas, flexible and rigid printed circuit boards, hinges, molded parts, production-related products, sensors and sensor-based products, and switches. The Cable Products and Solutions segment offers coaxial, power, and specialty cables; cable assemblies; and components, which include combiner/splitter products, connector and connector systems, and fiber optic components. The company sells its products through its sales force, independent representatives, and a network of electronics distributors to original equipment manufacturers, electronic manufacturing services companies, original design manufacturers, and service providers in the automotive, broadband communication, commercial aerospace, industrial, information technology and data communication, military, mobile device, and mobile network markets. Amphenol Corporation was founded in 1932 and is headquartered in Wallingford, Connecticut.
Comment:
I was reading about busted A Triangles. A good percentage of the time, they turn back up and complete the pattern in an uptrend. I found that interesting.