Possible resistance trendline in the way but it only has 2 touches.
The more a trendline is touched, the stronger it becomes.
Tall rectangle binding price action.
Earnings are 10-20 BMO
Neutral pattern until broken.
No recommendation.
Technical Analysis: Four Basic Principles
Markets alternate between range expansion and range contraction. ...
Trend continuation is more likely than reversal. ...
Trends end in one of two ways: climax or rollover.
Momentum precedes price.
The more a trendline is touched, the stronger it becomes.
Tall rectangle binding price action.
Earnings are 10-20 BMO
Neutral pattern until broken.
No recommendation.
Technical Analysis: Four Basic Principles
Markets alternate between range expansion and range contraction. ...
Trend continuation is more likely than reversal. ...
Trends end in one of two ways: climax or rollover.
Momentum precedes price.
Comment:
6 touches to orange descending trendline
