Unfortunately, CC I have no background knowledge in falling wedge continuation patterns. My initial thoughts centered on the possibility that on the weekly charts it looked like a C & H formation but @Wayward1 suggested that it was unlikely due to its jagged base formation. I also did consider a bull flag formation as a possibility, the mast extending all the way from late October 2016...flag now completed.
I'm heartened by the fact that the sp bounced off the bottom of the trend channel today. Hopefully @Wayward1 might be able to shed some light as to whether that support bounce is convincing at this point.
todays chart, page-98
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19 | 20493 | 7.610 |
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7 | 10291 | 7.580 |
Price($) | Vol. | No. |
---|---|---|
7.630 | 3291 | 22 |
7.640 | 6025 | 13 |
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