Potential Ascending Triangle on the S&P 500
Potential Ascending Triangle on the 15m. Nice bullish continuation pattern following a nice bottoming pattern.
Trendlines: The horizontal line is the resistance area while the ascending line (line trending up) offers support.
EMA Ribbon: The ema confirms what we are observing regarding the trend & likewise visualizes the bottoming pattern following the bullish continuation pattern.
Inverted H&S pattern – Quick bottoming pattern displaying left shoulder, head, and right shoulder
Trendlines: The horizontal line is the resistance area while the ascending line (line trending up) offers support.
EMA Ribbon: The ema confirms what we are observing regarding the trend & likewise visualizes the bottoming pattern following the bullish continuation pattern.
Inverted H&S pattern – Quick bottoming pattern displaying left shoulder, head, and right shoulder
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