something to think about for monday, page-16

Just a point about triangles or wedges or pennants or whatever you want you call them.

All the text books will tell you they are continuation signals.

As minor patterns that is undoubtably true.

I think the first time I got caught was decades ago with gold after a big down move and since then my opinion is that when they occur after big down moves, they tend to break up.

This may not but I would say forget your text books and at least allow for both possibilities.