MyT_Trader

MyT_Trader

Observations: Ascending Trendline Support: Price is respecting an ascending orange trendline, acting as dynamic support. This trendline has been tested multiple times, showing strong bullish interest. Bullish Falling Wedge: A falling wedge pattern is forming, indicating a possible bullish breakout. Breakout confirmation would signal potential...

MyT_Trader

Implications of the Pattern: Market Psychology: The expanding triangle reflects growing uncertainty and volatility, often seen during periods of fundamental shifts or major market news. Breakout Potential: The pattern typically resolves in the direction of the prevailing trend (upward in this case, given the stock's long-term ascending channel). ...