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$SIA (C6L.SG)$ : Symmetrical triangle. Probably more sideway...

$SIA (C6L.SG)$ : Symmetrical triangle. Probably more sideway oscillations to come.
$SIA (C6L.SG)$ : Symmetrical triangle. Probably more sideway oscillations to come.
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  • 明 Meng OP : If can break above the upper line that will be good.

  • temu jin : Upper line is a channel line. To break it implies it is a resistance line: technically not correct although most of the time prices tend to move below it. Furthermore, the bottom line is also a channel line. it should never be seen as a support line. drawing both lines indicates confusion as to the direction of price movement.

  • 明 Meng OP temu jin : Thank you very much for sharing. I suppose you are referring to 2 parallel lines that formed a channel, one lower line and one upper line.

  • temu jin : Exactly. A third line drawn between the 2 lines will form Andrew's Pitchfork. Hope this will help you to see the chart more clearly and plan your strategy accordingly and be profitable. Take care.

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