Download software Tutorial videos
Subscription & data-feed pricing Class schedule


New account application Trading resources
Margin rates Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

GTW Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
markag
Posted : Thursday, December 14, 2006 6:56:36 PM
Registered User
Joined: 2/19/2005
Posts: 38
Looking for chart patterns, would one consider GTW breaking out of an ascending triangle as a reversal pattern on a daily chart between 7/107 and today?

Thats what I see here...

Regards,
Mark

Practicing, Learning.
mwscpa
Posted : Friday, December 15, 2006 11:40:27 AM
Registered User
Joined: 2/23/2006
Posts: 102
I think your apparent typo has people stalled. If you mean is there a triangle from july (august lows)to december with recent break, I would say no. A triangle is not a pattern we look for at major turns (which is the primary action in this time scale), it is a continuation pattern we look for after moves and 'usually' within a tighter range and usually fewer bars. Not that this isn't interesting. A long drawn head and shoulders with a clear break above neck line at ~2.00. Look for re-test of that range as support now and load up with as much as you'd like to lose.
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.