fibonacci: dow jones index , page-3

  1. 4,005 Posts.
    S&P 500

    Trading in an isoceles or symmetrical triangle at 50% consolidation range. Symmetricals are basically supply and demand patterns "coiling" usually on low'ish volume, it will likely move hard one way or another, only high'ish volume will confirm the true nature of the break, oh they are "usually" continuation patterns which means more dumpage to come.



    Read more here for those interested:

    http://www.stockcharts.com/education/ChartAnalysis/symmTriangle.html
 
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