Who would possibly have thunk that Telstra could display a bullish-reversal chart pattern?
However, in the 'what goes down must eventually go up' category, maybe there is some hope here?
Telstra is currently shaping up in a bullish-reversal descending wedge so let's see if this pattern delivers.
In my experience, descending wedges are one of the most reliable of all the technical patterns.
Keep an eye on the trend lines here for any breakout.
You just never know!
However, in the 'what goes down must eventually go up' category, maybe there is some hope here?
Telstra is currently shaping up in a bullish-reversal descending wedge so let's see if this pattern delivers.
In my experience, descending wedges are one of the most reliable of all the technical patterns.
Keep an eye on the trend lines here for any breakout.
You just never know!