Descending Triangle in an Uptrend

251 1 7
A falling wedge is often considered to be a bearish pattern , and in these cases the break down is usually accompanied by decreasing volume . Alternately, consistent or increasing volume at the apex of the Triangle can precede a strong break upward as a continuation in the longer-term uptrend.
Comment: As expected, we broke upward of the descending triangle. I think we can expect a day or two of consolidation at this level before moving to the top of the channel with a couple stops in-between.
Comment: We are on track-- albeit a few bars later than predicted. There is strong resistance at 5350, so we can expect some sideways movement before heading to the top of the channel.
Comment: 5350 didn't hold, so this is tracking precisely on the green path... 5900 incoming :)
Heh - I'll call this one a fail.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out