GREY:WFEMF - Post by User
Post by
StockExpertProon Feb 23, 2013 5:48am
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Post# 21032305
Breakout coming! Woulfe Mining chart:
Breakout coming! Woulfe Mining chart: Breakout coming! Woulfe Mining chart:
https://stockcharts.com/h-sc/ui?s=WOF.V&p=W&yr=5&mn=0&dy=0&id=p49287804955&a=293395898
Investopedia explains 'Symmetrical Triangle'
A symmetrical triangle is generally regarded as a period of consolidation before the price moves beyond one of the identified trendlines. A break below the lower trendline is used by technical traders to signal a move lower, while a break above the upper trendline signals the beginning of a move upward. As you can see from the chart above, technical traders use a sharp increase in volume or any other available technical indicator to confirm a breakout beyond one of the trendlines.
The sharp price movement that often follows a breakout of this formation can be captured by traders who are able to identify the pattern early enough.
https://stockcharts.com/h-sc/ui?s=WOF.V&p=W&yr=5&mn=0&dy=0&id=p49287804955&a=293395898
Read more at https://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32204908&l=0&r=0&s=wof&t=list#jxZ4XpldmWIFlBEY.99