While this symmetrical triangle could prove to be a continuation of the downwards momentum, the decreasing volume tells a different story. Selling volume has all but disappeared, volatility has compressed, and the triangle is complete: A breakout is imminent and I'm thinking this is going up. A staggered buy would be a good move here (bargain basement price...
This is a very simplistic idea (some of you guys are just crazy with your DaVinci drawings), but I don't hear much mention of volume so this is what I see:
Volume is once again diverging from price, where volume is decreasing as price is increasing and vice versa. The last time I saw this pattern (and posted another fun illustration) was right before things got...