Phylo
Senior member
- Messages
- 3,458
- Likes
- 368
The pattern is not absolutely there. It is almost there, but a bit short on some legs. You will be able to determine which pattern the chart more closely resembles by consulting the ThePatternSite.com chart pattern index and comparing a rising wedge pattern to an asymmetrical triangle pattern.
Last edited:
Atilla
Legendary member
- Messages
- 20,900
- Likes
- 4,069
Neither. That is clearly a sideways move and it is neither a wedge or a symmetrical triangle.
Trade what you see. Don't try and fit patterns.
That chart means the market basically agrees where the price belongs based on current fundamentals. imho.
Trade what you see. Don't try and fit patterns.
That chart means the market basically agrees where the price belongs based on current fundamentals. imho.
