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lauralea
Dec 21, 2021 4:31 PM

Symmetrical Triangle 

Eli Lilly and CompanyNYSE

Description

Price broke upper trendline of triangle on the 5th touch then a throwback occurred. Price is back in the symmetrical triangle again. Not quite to long entry level.

This pattern is neutral until a trendline is broken with a trend in that direction.

Todays candle at the moment I write this is a Doji, a candle of indecision

If price breaks upward, then possible stop under top trendline.

No recommendation
Comments
DaveyHeads
support is near, time to have a look again
lauralea
@DaveyHeads, Close by
lauralea
@DaveyHeads, I am wondering if this will reach the prior high or go down from here.
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