quakefiend
Long

SH falling broadening pattern LONG, possible AB=CD

AMEX:SH   PROSHARES SHORT S&P 500
SH (short S&P500             ) is forming a nice falling reverse wedge pattern, also known as broadening pattern. The falling pattern is an indication that the price is likely to break out of the upper boundary. I'm personally looking for an AB=CD pattern, consolidating between 20 and 20.10, and the target at ~20.40.
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