A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope.
Why some people don't make money , because technical isn't enough for success in the stock market . You need emotional stability and trusting you " Technical " . The party is over IMHO .
The pattern called broadening falling wedge OR descending broadening wedge . Don't get caught on names , get caught on learning ! .
Refer to chart for details.
It looks higher too after it made a new 52wh .
It looks higher but note that it will be highly affected by current market condition .
Here is an update of what #SPY $SPY looks like . Good for the far but shaky for the near . #Traders , you don't have to trade when it's not a good market environment . Fight the urge . #stockmarket
Daily descending triangle is a good pattern you should learn how to trade it. It's very profitable and authentic pattern that rarely fails . It looks higher too but honestly , the market condition is not good "currently " for a long sentiment .
AAPL looks higher after it made slight correction . We have clear target $140 $150 then probably $160 .
We made a new 52WH and it looks higher too . It takes a lot to make money , not only charts and technical , you need to trust your own views .
Falling wedge on #FEYE . Perfect pattern watch it closely . #StockMarket is a place that may make you a millionaire . Do you think this business will be easy to be good at ? Have you ever seen anything worthwhile in life comes to you easily ? Who taught you the #StockMarket is different ? . Clear your head and keep learning or seek education from someone...
$WIX has successfully broke the descending triangle and heads higher . Please note we have the earning day ahead . #Trade_safe and keep learning until you succeed . No matter what you said about the Stock-market , it is the biggest meritocracy in the world.
Some trading psychology advice's to me and fellow traders . The Stock Market Owes You Nothing! (Trading-psychology)
Below is my early notify of the current nice move .. Falling wedge is a strong pattern in all markets !
Perfect breakout and it hit triangle target by penny :) . It has more room to move up but it needs a pullback to the upper triangle channel .
I published the pattern here guys , Before the move happen . Success descending triangle on #stocks $PSTG . It could go long again but it needs a pull back after this strong move .
It breaks out of the upper trend-line however, these patterns are popular and nasty when it fails so please be careful and play with small size until you master it , every pattern needs years to master YES years i mean it . Once you stay around for couple of years you will understand what i said .
Broadening falling wedge pattern on #XLNX