Bull Flag Or Descending Triangle?
This is the same chart i posted on Feb 3rd but this Hollow Candles instead of a Line Chart.
TNY has displayed strong support 4 times during this consolidation period after the bullish move on Jan 14th, and the chart has also displayed moderately strong resistance creating the downward sloping trend line forming a descend triangle, or is it a bullish flag? Only time will tell I suppose.
Keep in mind the more times a resistance or support level is tested the more likely it's going to result in break in either direction.
TNY has displayed strong support 4 times during this consolidation period after the bullish move on Jan 14th, and the chart has also displayed moderately strong resistance creating the downward sloping trend line forming a descend triangle, or is it a bullish flag? Only time will tell I suppose.Keep in mind the more times a resistance or support level is tested the more likely it's going to result in break in either direction.
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