lauralea

Descending Triangle

lauralea Updated   
NYSE:BA   Boeing Company (The)
Looks like a double bottom as well.

Descending triangles are a neutral pattern until price breaks a trendline with a trend in that direction.

The moving averages can use improvement but the 200, the longer term SMA is sloping up.

No recommendation
Comment:
A descending triangle can break to the upside or the downside
Comment:
Life is the scheme of things is so short/I am loving every minute of my life/I refuse to be afraid/I feel sorry for those who are living even a part of this precious life we are given in fear/but it is their right to do so )o:
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