Symmetrical Triangles can be characterized as areas of indecision. A market pauses and future direction is questioned. Typically, the forces of supply and demand at that moment are considered nearly equal. The Following is a Typical Symmetrical Triangle Pattern
Attempts to push higher are quickly met by selling, while dips are seen as bargains.
Each new lower top and higher bottom becomes more shallow than the last, taking on the shape of a sideways triangle. (It's interesting to note that there is a tendency for volume to diminish during this period.)
Eventually, this indecision is met with resolve and usually explodes out of this formation (often on heavy volume.)
High divergence on MACD
BULLISH - LONG IT
Thank you
God be with you
Together we are stronger
Attempts to push higher are quickly met by selling, while dips are seen as bargains.
Each new lower top and higher bottom becomes more shallow than the last, taking on the shape of a sideways triangle. (It's interesting to note that there is a tendency for volume to diminish during this period.)
Eventually, this indecision is met with resolve and usually explodes out of this formation (often on heavy volume.)
High divergence on MACD
BULLISH - LONG IT
Thank you
God be with you
Together we are stronger
Trade active:
Target $275
Target $275
Comment:
Comment:
Remember the key to success is PATIENCE!
Have a plan! Nothing changed! KEEP AND CALM
Remember the key to success is PATIENCE!
Have a plan! Nothing changed! KEEP AND CALM
Trade active:
Symmetrical Triangle BREAKOUT
Symmetrical Triangle BREAKOUT
Comment:
TARGET 270$
TARGET 270$
Comment:
Ascending Broadening Wedge