From the structure it looks like a broadening wedge formation, that could mean a continuation pattern( if it breaks the upper trendline )
From Bulkowski's pattern book: Percentage meeting price target for up/down breakouts: 79%; 36%
Which mean that if we have a positive breakout 79% of the time we reach our target.
That is not a trading suggestion, only for educational reasons for me
From Bulkowski's pattern book: Percentage meeting price target for up/down breakouts: 79%; 36%
Which mean that if we have a positive breakout 79% of the time we reach our target.
That is not a trading suggestion, only for educational reasons for me