Replies to post #21 on OptionTrader

[Market Technician]

they are ascending and descending triangles. triangles also act as support/resistance. you can learn what they mean:

here:

http://www.informedtrades.com/3557-learn-trade-triangle-chart-patterns-part-1-a.html

and here:

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:ascending_triangle_c

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:descending_triangle_