GBR great boulder resources limited

General Discussion Topics, page-4547

  1. 96 Posts.
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    Full disclosure I dont usually do patterns so I could be wrong. I usually only refer to them when im unsure of sizing and want another data point to refer to.

    Sometimes, prices may initially break below the lower trendline of an ascending triangle, indicating a potential bearish move, but then quickly reverse and break above the upper resistance line. If the price subsequently breaks above the upper resistance line after initially breaking below the lower trendline, it can still be a valid ascending triangle pattern, and the initial downside break is considered a false breakout.

    Due to the lack of volume I thought it was a false break of the lower trend line, which is why I didnt post on 11th i waited for confirmation.


 
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