CFX - Breakout Within Ascending ChannelColfax Corporation has been trading within an ascending channel since early October. It briefly opened below the channel support line on December 3rd but found support along the 50-day EMA line to regain the channel.
An intermediary symmetrical triangle pattern was created from the November 1st top & we have just seen a bullish breakout of this symmetrical pattern. Potential price targets are noted on the chart.
CFX
POTENCIAL SHORTAT THE WEEKLY CHART WE ARE IN A DOWNTREND AND THE PRICE NOW IS TESTING THE LAST WEEKLY LH 1.33
ON THE DAILY TF THE MARKET IS STILL BULLISH TREND BUT IS FAILING TO DO NEW HIGHS. ON THE LAST THREE DAYS WE CAN SEE 3 INDECIVE CANDLES SHOWING REJECTION TO THE UPSIDE.
ON THE H4 CHART WE CLEARLY CAN SEE PRICE CONSOLIDATION ON THE LAST LH H4 AND ON THE WAY TO TEST THE LAST HL ON THE DAILY CHART
