A Neat descending Triangle in Cumminsind indicates indicates selling, since a descending triangle is a sell pattern.
But the Price flow in this Chart indicates that the price is Strongly rejecting any new Lows at 550 (Round Number Support) which indicates incoming Buying pressure around this area.
Also, we see a Break out of the Triangle, giving a slight edge to Buyers.
But the Price flow in this Chart indicates that the price is Strongly rejecting any new Lows at 550 (Round Number Support) which indicates incoming Buying pressure around this area.
Also, we see a Break out of the Triangle, giving a slight edge to Buyers.