"Breakouts usually occur after moving about two-thirds to three-quarters of the distance between the start of the formation and the apex, but there are exceptions.
It is not uncommon for prices to retrace back to the trendline after breaking out of the triangle and then reverse again, continuing in the direction of the breakout. The breakout is considered to have failed if prices move significantly back into the triangle pattern, which does happen occasionally." (in tdgi's case this is slightly below the 50 ma (.032) according to the chart of the previous poster)
"For this particular security, the breakout was to the upside and a continuation pattern occurred instead of a reversal."
i am much more of a fundamental investor than a chartist (exactly why i'm here) but ill attempt to get my claytrader on as the in's and outs of charts is what i've been working on when it comes to investing. with that said the descending triangle can trigger a reversal but imo very unlikely given the fundamentals of this stock.... notice the same potentially bearish pattern in late dec to early 2010 followed by a breakout to the upside and more consolidation of which in turn formed the 'bullish ascending wedge' followed by the run to .06 ....we are also leaving out the x factor of vndm and other 'friends' keeping a lid on the pps through that long consolidation period... once they are done and imo it shouldn't be long we could see much shorter consolidation periods.
so after a little research the descending triangle can trigger a trend in reversal but imo the fundamentals just wont allow it here with tdgi even with vndm working against us as of late but not so much this week...
News 
Market Data 
Discover 
AI
