zitron - not sure what you're asking below regaring BOIL...the
falling wedge is valid but that doesn't mean it moves immediately
into a channel. With the MA's configured as they are this
will need work..so if it breaks out of wedge then watch to see if
higher low can form (maybe morph into an IHS pattern) but this
strong downtrend will take some time to reverse if so inclined.
zitron - not sure what
BOIL - just slightly breaching the gap from two days ...
Posted by steve on 4th of Jan 2013 at 11:17 am
zitron - not sure what you're asking below regaring BOIL...the falling wedge is valid but that doesn't mean it moves immediately into a channel. With the MA's configured as they are this will need work..so if it breaks out of wedge then watch to see if higher low can form (maybe morph into an IHS pattern) but this strong downtrend will take some time to reverse if so inclined.
Thank you.
Posted by zitron on 4th of Jan 2013 at 11:25 am