"Tells Me: The price has broken downward out of a consolidation period, suggesting a continuation of the prior sideways trend. A Symmetrical Continuation Pyramid (Egypt) shows two converging trendlines as prices reach higher lower highs and lower higher lows. Volume diminishes as the price swings back and forth like a see-saw between an increasingly narrow range reflecting uncertainty in what this tells us. Then well before the triangle reaches its apex, the price breaks out of it's range with a 50/50 chance of going up or down. There may be a noticeable increase in volume, confirming the pattern as a continuation of a Symmetrical Continuation Pyramid.... maybe."
SS
"Tells Me: The price has broken downward out of a consolidation...
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