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chart opinion, page-2

  1. 2,141 Posts.
    Hi Rottenegg,

    well spotted.. it definately looks like an ascending triangle on the daily/weekly....add to that the positive OBV and there could be a breakout on the cards..

    My opinion only, form your own.

    Ascending Triangle..

    An ascending triangle is formed by equal highs and higher lows. It is a bullish signal, whether encountered in an up- or down-trend. It is most often observed as a continuation pattern in an up-trend but is a strong reversal signal when witnessed in a down-trend.
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