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  1. 7,432 Posts.
    It's all in the eye of the Beholder LOL.

    I see the definition of a Symetrical Triangle formed by Equal Higher Highs at 37.5 on 13th and 22nd January.This is the "break" of the previous Sym Tri at 35 that formed on Highs as well as Opens/Closes from Jan 2.

    I then look at the News Reasons that made/contributed to those 37.5 Highs and then start making some "readings" from that.

    So I do NOT see an Ascending Triangle because 37.5 are EQUAL Highs as per the Symetrical Definition.As is 35,best seen on a basic/close line chart.

    I'd also point out the Weight of the Provided Cut'N'Paste Definitions that is put on an Ascending Triangle occuring in a Definite UpTrend.
    Yes it can occur in a DownTrend as a Reversal but may I suggest that a Sym is more likely/possible in such a situation ie Mid/Long Term DownTrend?

    yeah it's a real pity I can't put up "pretty pictures" for the Literary Comprehension Challenged but I'd need to buy a newcomputer to get the memory capabability and frankly,I just can't be bothered.Stick with the Old Ways,that's me.lol,lol,LOL.

    cheers.
 
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