ABMD - Symmetrical Triangle or Double Top?
ABMD can be seen to form a structure above an upward trend line
Using the two tops a symmetrical triangle can be drawn, a bullish pattern
These two tops could also be interpreted as a double top, hence my placement of the bearish scenario
Personally I favor the symmetrical triangle and the bullish result
Using the two tops a symmetrical triangle can be drawn, a bullish pattern
These two tops could also be interpreted as a double top, hence my placement of the bearish scenario
Personally I favor the symmetrical triangle and the bullish result
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.