RE:Descending triangle chart patternVega1357 wrote: A descending triangle chart pattern has formed. Although the literature often describes this as a bearish continuation pattern which suggests that there will be an eventual breakout on the downside, this is total nonsense as I have seen just as many, if not more, breakouts on the upside. Here is a more intelligent description of this sort of chart pattern than you will find on Investoptia.
EXE has broken out of its descending triangle pattern on the upside like I thought it would. However, there is still considerable resistance to a further move higher between $8.62 and $8.65. It's anybody's guess what will happen in the short term.