the idea of looking for ascending triangles is to establish a...

the idea of looking for ascending triangles is to establish a level at which the bigger buyers are accumulating up to before a larger seller stops the sp increase ...it may be for 2 reasons

1.pre set profit take level of a larger shareholdr

2.large buyer doesnt want the sp to go over that level so he continually sells to weaken the resolve of the buyers.

an ascending triangle forming will tell u that buyers are building in momentum and eventually will overcome the seller at that level

but it is also very dangerous to buy prior to breaking the ceiling because the seller may be the major shareholder and it may take months if not years to break.

so if u havent bought in yet it is advisable to wait until after the break of the ceiling sp at 47.5

if u already own some dont buy say between 45.5 and 47.5 so u dont end up with a parcel in the red.

i own a chunk of sen but wont buy anymore until break of 47.5