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Message: TA Symmetrical Continuation Triangle (Bullish) confirmed...

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rosehill

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TA Symmetrical Continuation Triangle (Bullish) confirmed...

posted on Oct 30, 09 11:13AM

A Symmetrical Continuation Triangle (Bullish) shows two converging trendlines, the lower one is ascending, the upper one is descending. The formation occurs because prices are reaching both lower highs and higher lows. The pattern will display two highs touching the upper (descending) trendline and two lows touching the lower (ascending) trendline.

This pattern is confirmed when the price breaks out of the triangle formation to close above the upper (descending) trendline.

The price target is $0.49 - $0.53

We are primed for the Timmins assay results.

rosehill

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