I have pointed out via numbers the sequence I described
below...please review. I will give you a clue...wedges often morph
into head and shoulders patterns.
This trade (it could be the start of something bigger) played
out over 4/5 trading days and there were several objective entry
points as I pointed out. Keep this in mind when looking at future
setups with such a pattern.
BOIL Trade Sequence of Events
Posted by steve on 26th of Apr 2012 at 12:50 pm
Ragwing:
I have pointed out via numbers the sequence I described below...please review. I will give you a clue...wedges often morph into head and shoulders patterns.
http://stockcharts.com/h-sc/ui?s=BOIL&p=30&yr=0&mn=1&dy=3&id=p77997236081&a=261219041&r=1335458940116&cmd=print
Excellent! thanks I can learn from that one.
Posted by ragwing on 26th of Apr 2012 at 12:53 pm
it just moved too fast for me and I got caught trying to play catch up.
This trade (it could be
Posted by steve on 26th of Apr 2012 at 12:56 pm
This trade (it could be the start of something bigger) played out over 4/5 trading days and there were several objective entry points as I pointed out. Keep this in mind when looking at future setups with such a pattern.
Thank you
Posted by ragwing on 26th of Apr 2012 at 01:04 pm
I have printed the chart you made to refer to as a learning tool for pattern recognition