Well that's an interesting outcome...as confusing as the chart finding both upper and lower limits and then it traded that way too...first testing the downside and then a move up with momentum...and now what...testing the recent highs?
mjstach1
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Hi Laura...thank you. Sooooo, perfect example of confusion...4 touches on the top line and 3 on the bottom...what makes the bottom touches more significant, or are they?
lauralea
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@mjstach1, The more touches, then the stronger the level. Tight triangle as price fills it fairly well. QCOM is one of my Faves. They announced some AI BS which is possibly keeping this afloat. Not sure I would hold my breath though )o: