What was primarily a Bump and Run reversal (stockcharts.com) is now a weak symmetrical triangle continuation pattern (stockcharts.com).
I call the symmetrical triangle pattern "weak" for two reasons.
1. It has a larger downward slope then upwards, by a significant amount.
2. It is nearing the end of the symmetrical triangle. As the rules of symmetrical...
Looks like a Bump N Run reversal to me.
Rules (with charting examples):
stockcharts.com
Rules:
Lead-in Phase: The first part of the pattern is a lead-in phase that can last 1 month or longer and forms the basis from which to draw the trend line. During this phase, prices advance in an orderly manner and there is no excess speculation. The trend line...
