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Re: tothe post# 49448

Sunday, 04/23/2017 9:06:43 PM

Sunday, April 23, 2017 9:06:43 PM

Post# of 106841
USRM chart Pennant or falling wedge?
chart & tools thread post
* The last 3 sessions you had a nice bounce off .07.
* If you want to use the wedge rules start your trend lines from the first day of April.
* CMF60 shows long term money is staying put. The green bars also stared rising when the PPS found support at .07 just after .08 support fell in the previous week.
* CMF14 & CMF20 shows short & intermediate swing trader activity.
* If volume continues to fall you may find yourself in a 30% sideways channel from .07 to .09. At least you get good trading before any breakout, just keep an eye on the volume though. The swing may last as long as two weeks unless a catalyst pops up.

Pennant measure rules
http://thepatternsite.com/pennants.html
Falling wedge measure rules
http://thepatternsite.com/fallwedge.html

http://stockcharts.com/h-sc/ui?s=USRM&p=D&yr=0&mn=3&dy=0&i=p76062410577&a=513446892&r=1492993277193