May Chart, page-11885

Not if you draw a straight line above it at any given point and are following trend from the bottom of the chart using a horizontal lines at the next high. But regardless even a big descending triangle from the highs or an ascending triangle triangle from the lows where price is coming from is important information. Also, when price is marching higher in a very tight parabolic channel it might just mean something of importance.

A continuation pattern of the downtrend and can be a reversal pattern? Thanks Sherlock, but at some point in time a decision has to be made on whether news of a director setting up a facility to buy MAY shares, huge descending triangle from the highs, the small more important ascending triangle from the lows, the coiled moving averages, the price moving and closing above the 34wm and the faster moving 8wma being directly below price means anything for your trading account.