InvestorsHub Logo
icon url

RoamingBull

06/10/20 7:29 PM

#42047 RE: RoamingBull #42043

This place about to blow!

Symmetrical Triangles can be characterized as areas of indecision.

1. Attempts to push higher are quickly met by selling, while dips are seen as bargains.
2. Each new lower top and higher bottom becomes more shallow than the last, taking on the shape of a sideways triangle. (It's interesting to note that there is a tendency for volume to diminish during this period.)
3. Eventually, this indecision is met with resolve and usually explodes out of this formation (often on heavy volume.)

**Research has shown that symmetrical triangles overwhelmingly resolve themselves in the direction of the trend.

https://www.chartpattern.com/symmetrical-triangle.cfm
icon url

csterner

06/10/20 9:51 PM

#42095 RE: RoamingBull #42043

It’s not going to be long before tge next move.