I like Savvy's too...but the 2nd day out of the "wedge" is not following August's pattern..
Any opinion's out there....if tomorrow we get up to 1340-1350, would that be a good place for a fairly large short based on wedge breakdown, 1350 resistence...and is that a flag? (what is the larger pattern?)..anyway, resistence there too.
OR, does the wedge become weakened, invalidated by a 3rd day attempt, hanging around very close (in time) to the wedge's conclusion.....in other words, if it has broken, and the wedge is properly drawn, then it should have accerlerated to downside well before tomorrow/last gasp near wedge lines' apex.
If the last 30 minutes continues as such, this post may be irrelevant, however, opinion welcome |
