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descending triangle?

  1. 53 Posts.
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    Hasn't OBJ been forming a descending triangle on lower volume in the last four days? Isn't a descending triangle supposed to be a bearish signal and is this not counter-intuitive given the supposed good news around the corner?



    I am still learning the ropes when it comes to charting and I would like to find out how experienced chartists interpret this.

    Cheers
 
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