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Strategies & Market Trends : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?


To: Fiscally Conservative who wrote (195)11/5/2020 7:15:02 PM
From: Bull RidaH  Read Replies (1) | Respond to of 4397
 
Hi TD and welcome to the thread.

The tendency is that symmetrical triangles break in the direction of the predominant trend prior to the ST forming, thus creating a "trap" followed by trend reversal. A ST of this size and duration is a clear and vibrant signal that the preceding bull market in the shares is coming to a conclusion.