Day: December 12, 2010

AUD/NZD Weekly Chart Ascending Triangle

AUD/NZD W1 chart now shows an almost perfect ascending triangle pattern. The pattern was constructed on the trendlines (red lines) built according to Tom DeMark’s rules (I’m currently reading his book, so I’ve tried to apply some of what he says). It’s a rather long-term pattern and the apex of the triangle is quite far away from the current date, but the current price is located very close to the upper […]