Yesterday 23rd May, CCL made a bearish breakout from 2 month long symmetrical triangle. On day chart a huge bearish candle is made with heavy volume.
75% of symmetrical triangles are continuation patterns and the rest mark reversals. The reversal patterns can be especially difficult to analyze and often have false breakouts.
Breakout target is 280 level.
75% of symmetrical triangles are continuation patterns and the rest mark reversals. The reversal patterns can be especially difficult to analyze and often have false breakouts.
Breakout target is 280 level.
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