Posted On: 12/02/2015 10:06:23 PM
Post# of 75076
because 2 weeks time is beyond the closure of the wedge (see the chart i posted) in time. since a falling wedge is classified as a reversal, it would be an upside breakout. it will take 11 more candles to get over to the end of the wedge, which is around 2 weeks or so.
anyway, i said i don't think it will hold... but that is just my opinion. maybe something miraculous could happen and it does break out.... but as of today, i expect a continued slow erosion because there are simply no (or very little) new buyers.
that's the pps & stock ticker, not ticking much at all - LOL
the sales department working out in the field's a completely different story. they are cranking!
anyway, i said i don't think it will hold... but that is just my opinion. maybe something miraculous could happen and it does break out.... but as of today, i expect a continued slow erosion because there are simply no (or very little) new buyers.
that's the pps & stock ticker, not ticking much at all - LOL
the sales department working out in the field's a completely different story. they are cranking!
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