Target Price Range: $73.00 - $76.00
Bottom Triangles and Bottom are considered to be signals that mark a possible reversal of the current downtrend.
Bottom Triangles and Bottom make up a group of patterns which have the same general shape as Symmetrical Triangles, , Ascending Triangles and Descending Triangles. The difference is that these particular formations are reversal and not continuation patterns. These patterns have two converging . The pattern will display two highs touching the upper and two lows touching the lower . Contrary to Triangle formations, are characterized by their boundary both moving in the same direction.
This pattern is confirmed when the price breaks upward out of the Bottom Triangle or Bottom formation to close above the upper .
Gap Window Resistance
Positive Price Take Backs (candle wicks)