Posted by jcomptonod on 25th of Aug 2008 at 08:45 am
Well it's not a megaphone or broadening top because it does not
have lower lows to go with the higher highs. So for simplicity I
would call it strong support at the lower trend line in the midst
of an uptrend, until the support is broken to the downside.
Definitely a break point.
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DIG weekly chart - what is this pattern?
Posted by zaru on 25th of Aug 2008 at 06:41 am
Hi - can anyone tell me if this is a pattern or not? And if so, what might it mean? Thanks.
Dig pattern
Posted by jcomptonod on 25th of Aug 2008 at 08:45 am
Well it's not a megaphone or broadening top because it does not have lower lows to go with the higher highs. So for simplicity I would call it strong support at the lower trend line in the midst of an uptrend, until the support is broken to the downside. Definitely a break point.