contracting triangle once breakout we have a target of 67-68 . volatility is coming down a high dividend stock earning grew by 53 % last year likely to repeat winning streak. stock is making higher low.
During an uptrend, the market builds strength on a long white candlestick. The second candlestick trades within a small range and closes at or near its open. This scenario generally shows an erosion of confidence in the current trend. Confirmation of the trend reversal is the black third candlestick. A gap between the second and the third bodies is not a must.
Idea for ASX showing a large descending broadening wedge
I think this wedge will break out to the upside after a small pullback to a weak up trend line
This pullback and rise is shown in white
Bullish above strong trend line in thick white line
