Thank you for the chart. My understanding is that descending...

Thank you for the chart.

My understanding is that descending triangles provide both bearish or bullish signals, that is they indicate a potential breakout, or reversal, essentially a strong movement in either direction following a period of consolidation.

As I'm sure most investors here know, trading chart patterns alone, without an understanding of market conditions alongside the actual fundamentals and activities of the particular company is not ideal.

I've looked at the chart provided and observe that the descending triangle is accompanied by low trading volumes which indicates that traders do not have much conviction in the pull back.

Given that we know that the TGA decision is the next big announcement, my guess is this will most likely be the catalyst for a breakout. Based on my research of the company's activities, my opinion is that's TGA will be successful, therefore I predict a breakout to the upside.