- In Trading Thoughts / Economics
- Last Updated: 16 November 2013
- By Gary Caumont
A triangle may be forming with $Compq- see the following 10day 30min chart.
The long vertical line is the last 11 day interval (set 11/27). The horizontal line at 2994.75 is the 6 day high (set 12/05) from the last 11 day interval. The short vertical lines represent the mouth of the triangle and target areas from the point of breakout. The triangle could break either way but is more likely to break downside if we continue to close below 2994.75.