REG - Large Symmetrical Triangle
Weekly chart for REG
A large symmetrical triangle is evident
Within this triangle a channel can be drawn around an inverted H&S pattern
This H&S structure is poised to form its right shoulder, which is a bullish part of the pattern
This formation will ultimately lead to the breakout of the larger symmetrical triangle aswell
Bullish price action plotted with bars pattern in green
A large symmetrical triangle is evident
Within this triangle a channel can be drawn around an inverted H&S pattern
This H&S structure is poised to form its right shoulder, which is a bullish part of the pattern
This formation will ultimately lead to the breakout of the larger symmetrical triangle aswell
Bullish price action plotted with bars pattern in green
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.