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Strategies & Market Trends : Ted Warren's Investolator -- Ignore unavailable to you. Want to Upgrade?

To: Balti who wrote (1283)5/15/2023 9:21:25 AM
From: WEagle  Read Replies (1) | Respond to of 1795
 
Balti,

That is more like it. I might have moved the upper resistance line up to include the '20 and '23 highs but that may not matter much.

Just my opinion, but I wouldn't get hung up on triangles too much. They are not my favorite formation. I prefer the long, (somewhat) flat bases and the shallow angle down slopes. That should include steeper down slopes that transition into shallow down slopes (or down trends) or curving dish-like bottoms. (On these transitions, only the shallower down slope counts toward the two year requirement.)

WEagle



To: Balti who wrote (1283)5/15/2023 11:47:36 AM
From: investolator2000  Respond to of 1795
 
Balti,

I agree with WEagle about not getting hung up on triangles. They can be useful if they are in conjunction of another formation. To highlight that thought I have extended your chart of CMCL to show more of the action prior to the triangle. I have put this on my watchlist just to see how it plays out.



I2000


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