Hello!
I am new to TA but I noticed an interesting pattern so I wanted to share. At first I thought that the trend was within a bearish expanding triangle but then I noticed a series of bullish falling wedges nested within the pattern. I also noticed that after each touch to the expanding triangle support BAL would hit a new ATH within 3 to 4 days. I'm proposing that this trend continues and that Bal will hit a new ATH by 2/22/21.
I think the best way to learn is to practice and share ideas so please share your thoughts with me. I'm looking to learn as much as possible.
Best of luck!
I am new to TA but I noticed an interesting pattern so I wanted to share. At first I thought that the trend was within a bearish expanding triangle but then I noticed a series of bullish falling wedges nested within the pattern. I also noticed that after each touch to the expanding triangle support BAL would hit a new ATH within 3 to 4 days. I'm proposing that this trend continues and that Bal will hit a new ATH by 2/22/21.
I think the best way to learn is to practice and share ideas so please share your thoughts with me. I'm looking to learn as much as possible.
Best of luck!
I realized that this chart may not be very useful to people if the proposed ATH happens in 4 days and I am using daily candles. I posted this same chart with 2hr candles.
Please share thoughts!