Someone who is super bullish may call this a Bull Pennant. For now, I will call it a triangle and if this breaks up I will re-eval. Either way it is neutral until broken.
Price is well above the .382 in spite of the long and tortuous down turn in the market. This has been soooooo slowwwww!
No recommendation/Possible M forming.
ST= symmetrical triangle.
Price is well above the .382 in spite of the long and tortuous down turn in the market. This has been soooooo slowwwww!
No recommendation/Possible M forming.
ST= symmetrical triangle.
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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.