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lauralea
Sep 23, 2022 5:19 PM

Symmetrical Triangle Short

Zillow Group, Inc.NASDAQ

Description

This triangle has broken to the downside.

Possible stop above the bottom trendline of the triangle or where you see support.

No recommendation.

Price is below the bands set on an 80 DMA which is bearish but can also cause a bounce even if temporary.
The Bollinger Bands can also serve as oversold and overbought indicators. A security can remain oversold for extended periods of time.

If you buy and sell based on oversold and overbought signals alone, you will lose money )O:
Comments
JoeChampion
Nice work, i have similar thoughts!
lauralea
austincyril22
Thanks
lauralea
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