Symmetrical Triangle
This pattern is neutral until a trendline is broken with a trend in that direction.
Yesterday's candle is a spinning top which is a candle of indecision.
IBM had a fairly expansive trading range yesterday, but the spinning top is a candle of indecision. The Harami candle would need confirmation in order to be truly bearish , by another down candle forming today which would then be called a 3 Inside Down if this indeed happens.
The short term moving averages in the gator are looking upward.
No recommendation.
Yesterday's candle is a spinning top which is a candle of indecision.
IBM had a fairly expansive trading range yesterday, but the spinning top is a candle of indecision. The Harami candle would need confirmation in order to be truly bearish , by another down candle forming today which would then be called a 3 Inside Down if this indeed happens.
The short term moving averages in the gator are looking upward.
No recommendation.
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