I guess that is the beauty of charting as at the moment I can see a few possible patterns forming:
1) Symetric Triangle/Pennant.
2) Rectangle as Haspete mentioned.
3) Ascending Triangle.
Looking at the site Haspete pointed at on Rectangle, the current CSL chart would fit within the examples they give for both.
I guess that is why I am a newbie and still learning which pattern you pick out of the possible pack. So how do you determine which one it is?
In below chart:
Rectangle = 2 Blue Lines
Pennant = 2 Black Lines
Ascending = Top blue line and bottom black line.
Just out of interest, I think todays high would touch the down trend line from what I can guesstimate (delayed data so do not see todays candle).
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Last
$305.34 |
Change
4.220(1.40%) |
Mkt cap ! $147.5B |
Open | High | Low | Value | Volume |
$303.92 | $305.98 | $302.00 | $378.0M | 1.257M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 74 | $305.22 |
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Price($) | Vol. | No. |
---|---|---|
$305.43 | 250 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100 | 302.110 |
1 | 86 | 302.000 |
1 | 160 | 301.560 |
1 | 30 | 301.130 |
2 | 36 | 301.120 |
Price($) | Vol. | No. |
---|---|---|
306.000 | 70 | 2 |
306.250 | 50 | 1 |
306.340 | 100 | 1 |
306.380 | 100 | 1 |
306.500 | 157 | 2 |
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