pattern testing
Tuesday, August 12, 2014
adat
fixed
A steady decline through the first 8 months of 2014.
interrupted between february and april by a ledge containing nested head and shoulders patterns
the inner one breaks out
creating a buying pattern with a stop
the trade gets stopped out, no harm done
another ledge in june and july
heel and point
then it dropped just straight through the heel
and then
a rally
where's it going?
Friday, August 1, 2014
axn
carefully study the monthly chart to see where the point pattern concluding in February '14 sent prices.
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