Symmetrical Triangle
This pattern is neutral until a trendline is broken with a trend in that direction.
Price has hit the resistance line of the triangle twice with a candle wick with the 2nd attempt to break the resistance today. The bottom trendline is support until broken.
Short percent is very low and under 1%.
There is a suspicious W in this chart. There are rising wedges below price that are not valid as the bottom trendline has not been broken.
No recommendation.
Price has hit the resistance line of the triangle twice with a candle wick with the 2nd attempt to break the resistance today. The bottom trendline is support until broken.
Short percent is very low and under 1%.
There is a suspicious W in this chart. There are rising wedges below price that are not valid as the bottom trendline has not been broken.
No recommendation.
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