Has broken bottom of
Long term uptrend
NV is high
Short interest is low
C&H patterns are only valid over long entry level
A Narrowing is a technical pattern, suggesting a reversal pattern frequently seen at the top. This pattern shows up in charts when the price moves upward with highs and lows converging toward a single point known as the apex. Using two – one for drawing across two or more highs and one connecting two or more lows. The 2 upsloping lines are in the same direction of the trend
Unlike a triangle, both slope upwards in the same direction. It represesnts too much buying without healthy pull backs, or irrational exuberance. Rising are longer term patterns that flags or and go on for at least 3 weeks, months or longer. A stock can break up from a RW , but the break up is often weak and short lived.
It is ok to trade stocks in a RW , as they can travel up for a very long time inside of one. Personally, I avoid them. Just keep an eye on the bottom of the pattern
Rising can cause a shortage of buyers when the stock pulls back, because too many buyers on way up, so no one left on way down. Pull back can be deep. A strong stock will not fall as far as a weaker stock as a rule. It is an example of . Characterized by negative touches to the bottom
A , often found in a down trend is very similar, but both slope down in the direction of the trend which is down
A FW can also signal a reversal in trend, but is often .
Not a recommendation