CEO those patterns fail generally once the price gets out part the 3/4 Mark in my opinion. And I think that triangle is a bit of a stretch really. There are better trend lines etc that can be drawn. Danger in ta is looking for patterns too hard ... you will always be able to create some sort of patterns but it doesn't mean they are valid.
For example the volume didn't confirm that pattern.
Just an opinion.
Jezza
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$6.88 |
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
---|---|---|
$6.90 | 18661 | 4 |
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No. | Vol. | Price($) |
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1 | 2367 | 6.860 |
1 | 6556 | 6.850 |
1 | 13653 | 6.840 |
4 | 34685 | 6.830 |
6 | 32587 | 6.820 |
Price($) | Vol. | No. |
---|---|---|
6.900 | 18661 | 4 |
6.910 | 10240 | 1 |
6.920 | 10240 | 1 |
6.930 | 10240 | 1 |
6.950 | 23444 | 1 |
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