This pattern shows up in charts when the price moves upward with pivot highs and lows converging toward a single point known as the apex.
It differs from triangle as both trendlines slope up.
It is most often bearish at the top
NV has slacked off
But short interest is decreasing so perhaps recovering and found support
Just an observation
It differs from triangle as both trendlines slope up.
It is most often bearish at the top
NV has slacked off
But short interest is decreasing so perhaps recovering and found support
Just an observation
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.
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.