Rising and falling are a technical chart pattern used to predict trend continuations and trend reversals. The is a generally signalling that one will likely see the price break upwards through the and move into an uptrend.
How does it work?
The is a stock pattern that begins wide at the top and contracts as prices move lower. It occurs when the price is making lower highs and lower lows which form two contracting lines. The usually precedes a reversal to the upside, and this means that you can look for potential buying opportunities.
Volume decreases during the formation of the and should expand on the breakout.
Higher high once again. The trend seems strong. Can we expect 288-296 levels next week?