Ascending triangle: Despite its reputation as a reliable chart pattern, it is a mediocre performer.
Upward breakout is 63% of the time and 62% of the way into the triangle on average.
From Thomas Bulkowski research. Further details in the link below:
thepatternsite.com/at.html
Two red arrows shows two past death crosses (50-day MA moving below 200-day MA). Still in bearish zone.
Upward breakout is 63% of the time and 62% of the way into the triangle on average.
From Thomas Bulkowski research. Further details in the link below:
thepatternsite.com/at.html
Two red arrows shows two past death crosses (50-day MA moving below 200-day MA). Still in bearish zone.