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Posted On: 07/06/2020 6:04:18 PM
Post# of 149511
Re: Coocooburra #41314
http://investorshangout.com/images/MYImages/1...165255.png
https://www.investopedia.com/terms/s/symmetri...al%20slope.
There are different types of triangle patterns that can form on a chart as price action consolidates .... Ascending, descending, and symmetrical
Ascending tend to break upwards as price consolidates near resistance.
Descending tend to break downwards as prices consolidates at support.
Symmetrical can break either way and not be viewed as a false signal ... As false signal duels happen.
So a break to the upside would be good for us as we have reached the tip of this triangle.
https://www.investopedia.com/terms/s/symmetri...al%20slope.
There are different types of triangle patterns that can form on a chart as price action consolidates .... Ascending, descending, and symmetrical
Ascending tend to break upwards as price consolidates near resistance.
Descending tend to break downwards as prices consolidates at support.
Symmetrical can break either way and not be viewed as a false signal ... As false signal duels happen.
So a break to the upside would be good for us as we have reached the tip of this triangle.
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