jdouglas020

FCX

Education
jdouglas020 Updated   
NYSE:FCX   Freeport-McMoRan, Inc.
A Continuation Wedge (Bullish) represents a temporary interruption to an uptrend, taking the shape of two converging trendlines both slanted downward against the trend. During this time the bears attempt to win over the bulls, but in the end the bulls triumph as the break above the upper trendline signals a continuation of the prior uptrend.

This bullish pattern can be seen on the following chart
Trade closed: target reached
Trade closed: target reached

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