AI
OM,
Kaiser currently has a descending triangle pattern. A descending triangle has a flat lower line (66.68)and a falling upper trendline, and is considered to be bearish. The resolution of this pattern will take place when the pattern is broken decisively. A pickup of volume is important, especially if the breakout is to the upside as you expect. If this happens, the target would be the vertical height at the triangle's widest part (on the left) and project that distance from the point where the breakout actually occurs on the falling upper trendline.
Kaiser currently has a descending triangle pattern. A descending triangle has a flat lower line (66.68)and a falling upper trendline, and is considered to be bearish. The resolution of this pattern will take place when the pattern is broken decisively. A pickup of volume is important, especially if the breakout is to the upside as you expect. If this happens, the target would be the vertical height at the triangle's widest part (on the left) and project that distance from the point where the breakout actually occurs on the falling upper trendline.
Regards,
frenchee
#board-4258 TSP Trend Timing: EFA (I), TLT (F), SPY (C), and VXF (S)
