Ascending Triangle for OSTK?
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Since my previous post on OSTK linked to this chart we have seen some support on the KST & a bounce back into the descending channel.
Where I had a question mark before on the KST is now another blue finger icon representing a micro bottom.
The RSI has additionally bounced back into what was a descending triangle, it's possible we see this play out as a bullish flag or inverted H&S, I've placed a blue body to represent the head of the pattern, notice the right shoulder is squeezing into the end of the descending triangle.
Where I had a question mark before on the KST is now another blue finger icon representing a micro bottom.
The RSI has additionally bounced back into what was a descending triangle, it's possible we see this play out as a bullish flag or inverted H&S, I've placed a blue body to represent the head of the pattern, notice the right shoulder is squeezing into the end of the descending triangle.
Note
Maybe the Ascending Triangle is a bear flag, I guess time will tell per usual.
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