Ascending Channel for TNY?
TNY has seen some consolidation into an Ascending channel, which is another Bullish Pattern coinciding with multiple other bullish patterns that have played out recently.
Noticeably the green bullish flag I have outlined is a recent bullish pattern, and there was also a giant inverted H&S that played out to the upside, the right shoulder being the green bull flag & the head of the pattern is the green human icon.
How long the channel has lasted will help determine the trend's underlying strength.
In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines.
A channel consists of at least four contact points because we need at least two lows to connect to each other and two highs to connect to each other.
Notice a possible divergence on the RSI?
Noticeably the green bullish flag I have outlined is a recent bullish pattern, and there was also a giant inverted H&S that played out to the upside, the right shoulder being the green bull flag & the head of the pattern is the green human icon.
How long the channel has lasted will help determine the trend's underlying strength.
In the context of technical analysis, a channel occurs when the price of an asset is moving between two parallel trendlines.
A channel consists of at least four contact points because we need at least two lows to connect to each other and two highs to connect to each other.
Notice a possible divergence on the RSI?
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