RE: 88e5 Sep 2018 08:03
Morning Fix. The triangle can be both a continuation *and* a reversal apttern so there is no way of knowing what this will do especially as it is a symmetrical traingle.
If it turns out to be a reversal, then the recent downtrend will be broken.
The break of the triangle may come back today to be retested but if it does not, then you cld argue the downtrend has been broken, and the reversal is now in process.....
If this does turn out to be the corrective phase abcde, then the next phase/wave should be impulsive and upwards though I will chart ot later to see which wave this is ie have we started the process again and now entering wave 1............:)
One thing is clear. When this one gets ready to move upwards, all the £££ from a certain 2 other shares is going to be placed into here....:)..
It's all good anyhow as Im in profit as yday's rise was a good day for my recent buys in:)