Read Bulkowski, your pattern does

    Same

    Posted by matt on 27th of Aug 2008 at 03:42 pm

    Read Bulkowski, your pattern does not fit his definition because you have too much white space and not enough touches on your lower trend line, it's a descending triangle or pennant.

    Regardless, if a descending triangle breaks to the upside, it is actually very bullish i.e. failed descending triangles that breakout instead of down are very bullish.

    Failed Descending Triangle patterns that break to the upside are very bullish patterns

    I 'm just having fun, this is all very trivial of course, so don't it personal.

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