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munyaelliott
2 Nis 2019 16:48

THE BIDVEST GROUP LIMITED (BID) 2-HOUR TIMEFRAME NEUTRAL 

BID CORPORATION LTDJSE

Açıklama

The price on this chart seems to be making a series of lower highs and higher lows, signalling a symmetrical (isometric) triangle. Though this pattern is sometimes regarded as neutral, i believe prices might continue to go higher if and only if there is a breakout to the upside. There was a strong impulse to the upside and if the buyers remain persistent, we might see higher prices reflected by a break to the upside of the symmetrical triangle.

Verdict: Wait for break and follow the price.
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munyaelliott
Voila!
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