• Looking at the chart..• From the (about) 16th of October til...

• Looking at the chart..
• From the (about) 16th of October til the present.
A very prominent formation has been carved into this stock. The highs have descended and te lows have remained semi constant.
This formation has the characteristics of both a Descending triangle and a falling wedge.
The falling wedge occurs after a sudden fall in price it forms in the same direction at the fall(down). But usually the lows are lower.
This is where the descending triangle comes in to play. The lows are usually constant (or there about).
The Wedge has a bullish outcome and the triangle indicates a bear.
Confused??
Discussion is highly welcomed and chartist opinions please!
JDK