In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape.
Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
if the price don't cross the tail price 444, then the stock will move down.
Eventually, the buyers lose patience and rush into the security above the resistance price, which triggers more buying as the uptrend resumes. The upper trend-line, which was formerly a resistance level, now becomes support.
If the price cross the 437 price it will be conformed the the price will move down till 421.
Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure.
if the price don't cross the tail price 444, then the stock will move down.
Eventually, the buyers lose patience and rush into the security above the resistance price, which triggers more buying as the uptrend resumes. The upper trend-line, which was formerly a resistance level, now becomes support.
If the price cross the 437 price it will be conformed the the price will move down till 421.
Kommentera:
the price has crossed the tail price 444 that means conform bullish
Kommentera:
those who have traded congratulation "trade closed"