weekend charting 22/23 january, page-2

TT

This is a bullish (falling) wedge

It does not look much like your lines, which look more like a symmetric triangle.

There is however, a bit of a problem with that top line. Generally speaking we do not use lines which have only 1 touch, unless they are parallel to the other line. 2 touch's is generally the minimum, and 3 is preferred.

But dont be discouraged, have another go. It is always better to find out there s a problem with you analysis on paper, without losing money.

and make sure you keep a link to investopedia. It is your best friend.