XJO 0.10% 8,212.2 s&p/asx 200

wasted wednesday, page-146

  1. 2,154 Posts.
    So, Johno247 sees an ascending triangle pattern? But ascending triangles are supposed to have horizontal upper resistance lines.

    This looks to me more like a bearish pennant continuation pattern and the downwards sloping resistance line seems to have been well respected since 2010 and looks pretty strong.

    If it breaks the almost parallel lower support line on increased volume in the next few days, then I'm expecting lower prices ahead.

 
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