ECU seems to be forming a compressing triangle which can be very bullish. On or about Oct 31st, we bottomed at 63. Early to mid November we reached 92. Late November we fell to 67/68, only to reach 86 in early December. Yesterday we closed at 71. Now we're moving back up.

If this trend continues to the low 80's to fall back to the mid 70's, we will have completed a perfect triangle.

Could, just maybe, get interesting after.

Later