The pattern shown on my weekly chart above is an (arguable) RABT or Right Angle Broadening Triangle. According to Classical Charting principles, it would carry a minimum measured target of circe 0.37. That target is not in play from that perspective unitll it can hold above 0.22. I am long from 0.17 and already break-even so I will give it a chance over the next few days... Valid perspective you have there but seldomly ook at anything less than a daily chart (very occasionally a 4hr chart). Although I appreciate the fractal nature of charting I have not found them to be of much use for a swing/position trader (back when I was daytrading, I used them a lot more). All the best.
SKF Price at posting:
20.5¢ Sentiment: Hold Disclosure: Held
