Question for Grob/Hershey...

And again. Following the ftt though so caution area.

 

would you say that this is a valid ascending triangle here on ym?

 

Yes, BUT its location in the middle of the daily range makes it iffy for me.

 

iffy? that´s a new word for me. i think i get the mening though

 

FWIW The only time I get interested in ascending, descending triangles is when they are forming near the high/low of the day. Then I get very interested.

 

Through bar 30.

As always, comments welcome from the SCT pros



Iffy - American slang meaning uncertain or questionable.

Anthony

 

the pennant gave a nice BO on bar 25

bar 32...

 

bar 72

 

Looks like 1200 shifted from support to resistence today.

 

end of day charts