yes it formed a divergent high via the MACD like you show, now
technically it's not a wedge pattern, there are not enough touches
for that. If you are short have a stop in place, otherwise
for now the pattern is just so so
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ERTS- short idea ?
Posted by marko on 12th of Apr 2011 at 12:04 pm
Looks to me like this one is setting up for a nice drop. Matt, Steve any comments?
yes it formed a divergent
Posted by matt on 12th of Apr 2011 at 12:11 pm
yes it formed a divergent high via the MACD like you show, now technically it's not a wedge pattern, there are not enough touches for that. If you are short have a stop in place, otherwise for now the pattern is just so so