Friday, August 25, 2006 8:56:42 PM
Re: "Chart"....
The pattern you posted in the chart (today and yesterday) is a Descending Triangle and they are usually bearish patterns that break to the downside. The rule is that the subsequent fall from the bearish break in a descending triangle can be measured as equal to the greatest width in the triangle itself.
Hello. I was on the NEOM board for quite some time and I am an accomplished chart technician.....but today I am just here to say hello.
Chartist1
The pattern you posted in the chart (today and yesterday) is a Descending Triangle and they are usually bearish patterns that break to the downside. The rule is that the subsequent fall from the bearish break in a descending triangle can be measured as equal to the greatest width in the triangle itself.
Hello. I was on the NEOM board for quite some time and I am an accomplished chart technician.....but today I am just here to say hello.
Chartist1
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