Little confused as to what a descending triangle after an uptrend signifies. What do you all think?
Technical analysis looks bearish as it looks like bearish is forming a descending triangle.
Looks like SQ is forming a descending triangle. Volume decreasing as well.
Nokia looks set to break out of the symmetric triangle after strong earning reports yesterday.
Dish today broke out of the ascending triangle and I think it's a good time to take a long position. It will be interesting to see how it holds up around the 42$ mark.
Wish looks set to end it's bearish run. The fib extension levels drawn align almost perfectly with past support and resistances.
Note: Publishing first idea here and a beginner in charting. Square seems to be bouncing of the 38.2% fib retracement levels. I might take start a position here once I get the confirmation. Will take profits in according to the fib extension levels shown.