Technical Analysis of the financial markets using Elliott Wave, Gann, Fibonacci, cycles and momentum indicators.
Posted information is for educational purposes only and not a recommendation to buy or sell any stock. This site is dedicated to the study of technical analysis.
Monday 23 August 2010
The Possible Contracting Triangle
If the price action since May 25 is a contracting triangle then the decline from August 9 must hold above the July 1 low and the subsequent rally fail to exceed that same August 9 high.
No comments:
Post a Comment