ABMD - Symmetrical Triangle or Double Top?
ABMD can be seen to form a structure above an upward trend line
Using the two tops a symmetrical triangle can be drawn, a bullish pattern
These two tops could also be interpreted as a double top, hence my placement of the bearish scenario
Personally I favor the symmetrical triangle and the bullish result
Using the two tops a symmetrical triangle can be drawn, a bullish pattern
These two tops could also be interpreted as a double top, hence my placement of the bearish scenario
Personally I favor the symmetrical triangle and the bullish result
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