Market Technical View is a blog that mostly concerns the technical analysis of different financial instruments like indices, commodities, stocks, ETFs and currencies.

All the posts are structured in 3 main chapters that can be found in Content, in the upper right-hand corner of the blog.

Market perspective. The technical approach consists of chart patterns and important support/resistance zones. The purpose of this section is to give directions of the price on short and medium term (a few days up to a few months).

Trading setups. The analysis posted here will provide trading scenarios based on different technical tools.

Romanian Market. This is a section dedicated to Romanian stocks and indices.

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Monday, November 14, 2011

Triangles Everywhere.

      This pattern seems to show up in a lot of charts.The symmetrical triangle, which can also be be reffered to as a coil, usually forms during a trend as a continuation pattern.Regardless of the nature of the pattern, continuation or reversal the direction of the next major move can only be determined after a valid breakout.Hopefully we will get a breakout as soon as possible , until then patience is the word i would use.

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