@Oldgherkin ... "Ha ha clear all the crap of your screen"
Interesting reply, what I have on my screen was price data, OHLC, yet you made an assumption of something else. Why? If I get rid of price data, I have a blank screen, so I suppose I could imagine anything.
A weekly price chart since early 2022 clearly shows a French Curve being an exponential rise within a rough channel, probably the most bullish type of longer term pattern imaginable.
Somehow you get an ascending wedge out of something. I say known as I've plenty of experience in patterns not doing what they are 'supposed' to do, especially recently. (last decade or so), because there is a tendency of large players to 'paint the pattern' with bots, in shorter time periods to catch out traders, offload a large position into what punters think is a 'classic' break out pattern etc, or perhaps give a classic sell pattern to buy off the unwary.
I just about always ask people what percentage of the time does your suggested pattern 'work'.
However firstly I'd like you to identify the ascending wedge you see, perhaps a chart could help??
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@Oldgherkin ... "Ha ha clear all the crap of your screen"...
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Last
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Change
-0.160(0.78%) |
Mkt cap ! $1.250B |
Open | High | Low | Value | Volume |
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2 | 6945 | 20.300 |
1 | 251 | 20.230 |
1 | 1000 | 20.200 |
1 | 1000 | 20.110 |
Price($) | Vol. | No. |
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20.590 | 220 | 1 |
21.000 | 6000 | 2 |
21.330 | 1450 | 1 |
21.350 | 5500 | 2 |
21.500 | 4734 | 2 |
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Change
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