motleifaul
Long

Triangle not yet broken

NYSE:EOD   WELLS FARGO GLOBAL DIVIDEND OP
8 1 0
We still move within a triangle. Yesterday we made an attempt to correct down but are failing today. And as we built a new high 2 days ago it makes me expecting to continue the rise now and finally breake the triangle to get much higher then.
motleifaul
2 years ago
It was a breakthrough, wasn't it? Thus there should be more upward potential. Nevertheless I am closing the position with almost no profit as we didn't manage to leave the downtrend decisively yet. I will revert to this position when we managed to hold above the triangle convincingly. But for the moment: compare with the present silver chart, where we have the same picture but vice versa.
Triangle breakthrough
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