OTCQB:UEXCF - Post by User
Post by
norontrules1234on May 02, 2018 11:12am
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Post# 27970138
For the TA followers
For the TA followersIn case you haven't noticed, UEX is forming a very nice ascending wedge. Get ready for the breakout IMO.
Ascending Triangles:
If the resistance line at the top of the pattern is horizontal and the support line underneath is rising, an Ascending Triangle pattern forms. Here is a simplified picture of that pattern:
As the picture shows, Ascending Triangles often resolve to the upside with the rising trendline eventually overcoming the overhead resistance.