Look for a low risk entry for a short trade against the upper
rising trend line. Would be a great trade opportunity on a
gap up tomorrow. Keep an eye on this pattern.
It's a bearish pattern, so it has zero reliability right now
LOL!!!! Neither do trendline breaks, negative divergences,
head and shoulder patterns, fib retracements... you name it, it
doesn't work.
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X Megaphone topping pattern
Posted by evanlaz on 25th of Mar 2010 at 11:57 am
Look for a low risk entry for a short trade against the upper rising trend line. Would be a great trade opportunity on a gap up tomorrow. Keep an eye on this pattern.
Nice thanks for the bucks,
Posted by pennblk on 25th of Mar 2010 at 02:27 pm
Nice thanks for the bucks, stop in place riding chart to support or change in chart movement
That looks like a textbook
Posted by matt on 25th of Mar 2010 at 12:29 pm
That looks like a textbook megaphone or expanding triangle to me
megaphone
Posted by capital1 on 25th of Mar 2010 at 12:17 pm
how reliable is a megaphone pattern?
It's a bearish pattern, so
Posted by kalinm on 25th of Mar 2010 at 12:19 pm
It's a bearish pattern, so it has zero reliability right now LOL!!!! Neither do trendline breaks, negative divergences, head and shoulder patterns, fib retracements... you name it, it doesn't work.