U.S. Exchanges & Indexes

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maxpain said:
Bearish ascending triangels in all charts (60,30,15min charts)

Hi max,
Whilst I'd agree that if I was still long the broad market at this point I'd be running with pretty tight stops. ascending triangles are generally considered to be bullish.
 
roguetrader said:
Hi max,
Whilst I'd agree that if I was still long the broad market at this point I'd be running with pretty tight stops. ascending triangles are generally considered to be bullish.

not rising ones - they are bearish as **** and often ends in a nasty 3 or C-wave down.
if the triangels are falling in the same pattern it´s the opposite

sorry - rising wedges in uptrend was in my mind so OK, thanks
 
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roguetrader said:
Could these rising ones also be referred to as rising wedges ar am I just digging a bigger hole.

:cool: I was faster than you, thanks again
 
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