Does anyone know what this pattern is called,I'd really like to know.I have spotted curved lines but usually those refer to parabolas from what I've seen.
This looks similar to a diamond pattern,but I'm not sure.Any ideas?
Cup and handle target achieved.
0.5 fib retracement after initial pump from cup bottom.
Where to now?One of those fib extensions,
possibly at the 618 ,or 786 if bullish,
if bearish,maybe the 0,5 fib which also meets with the trendline resistance.
It may be good to buy on a dip.
Fundamentally usd should gain ground,but technically the descending wedge should have brought the price down.Meanwhile the small bullish wedge exceeded it's target and broke up out of the Descending triangle.Where from here?
Huge triangle with a support line through it.Will it break out or break down?Seems should very well do either early 2019.
Economy fundamentals should likely be the factor here with this cyclical stock.Any opinions or advice here is welcome!