XJO 0.28% 8,114.7 s&p/asx 200

tuesday continues relief rally or not, page-4

  1. 17,258 Posts.
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    I was reading about triangles in my edwards and Macgee text book the other night. It is not uncommon to think you see a short triangle forming with steep sides.....and then it breaks through your steep sides and you need to redraw your lines. the sides become less steep and the tringle longer.....I thought "Funny they should mention that, I have often seen that happen"....I would not be surprised to see a swing up to 10000 and down to 8000 before the triangle breaks....

    ......and then again we may see something else form, like a wedge. Either way I think we are seeing a pattern forming. But is it reversal or continuation ??
 
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