Thought I might ask the ST traders their thoughts on this chart. It looked an absolute mess to start but then we have the golden cross coinciding with the lower trendline as support which at first looked good for a reversal. It had also come back and bounced off the 50 ma previously in this uptrend. When I broke down the last bar in the pattern into shorter time frames it seems it was sold off until lunchtime yesterday where it flattened out into the afternoon. Then I saw the widening triangle and discovered that it is called an Ascending Broadening Wedge and that all the literature points to it being bearish which is a bit disappointing considering the other bullish characteristics. Would appreciate any comments if you have time. @Veritas2000 would like your opinion if you see this.
