The top four Australian banks are forming up in new and large weekly-chart triangle patterns. Previous large triangles on these instruments eventually led to trend line breakouts that offered significant percentage gains circa 40 ~ 60%. Thus, the trend lines are worth monitoring here!
ANZ weekly: a new triangle forming here and the last one gave a breakout worth over 50%:
CBA weekly: a new triangle forming here and the last one gave a breakout worth over 60%:
NAB weekly: a new triangle forming here and the last one gave a breakout worth around 40%:
WBC weekly: a new triangle forming here and the last one gave a breakout worth over 50%:
