Shankt

Descending Triangle in an Uptrend

231 1 4
11 days ago
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.
10 days ago
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.
7 days ago
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.
5 days ago
Comment: 5350 didn't hold, so this is tracking precisely on the green path... 5900 incoming :)
Shankt PRO
2 days ago
Heh - I'll call this one a fail.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out