Wait a minute, people still buy stocks? DOW
Hi friends!
Recently I saw a pattern like this develop on the S&P 500.
That one broke down quickly and I would expect the same here, if it does.
Either way we have two nice trade plans here, let's keep an eye on it
Good luck, Traders
Recently I saw a pattern like this develop on the S&P 500.
That one broke down quickly and I would expect the same here, if it does.
Either way we have two nice trade plans here, let's keep an eye on it
Good luck, Traders
Comment:
that's probably a false breakout so even tho we touched the box I wouldn't short. These ascending/descending wedge patterns I like to see break late. Gold had a big fakeout in a pattern like this but overall it ended up being valid afterwords.
