Triple 000 and Sub-penny Chart Plays

[trader53]

USTC Falling Wedge (Reversal) bullish pattern

Falling Wedge (Reversal)
is a bullish pattern
that begins wide at the top
and contracts as prices move lower.

This price action forms a cone that slopes down
as the reaction highs and reaction lows converge.
In contrast to symmetrical triangles,
which have no definitive slope and no bias,
falling wedges definitely slope down
and have a bullish bias.


Regardless of the type (reversal or continuation),
falling wedges are regarded as bullish patterns.


http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:falling_wedge_reversal

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns

http://www.investorpoint.com/stock/USTC-USA+REAL+ESTATE+HLDG+CO/market-makers-level2/

http://www.stockscores.com/quickreport.asp?ticker=ustc&x=0&y=0

http://stockcharts.com/h-sc/ui?s=USTC&p=D&yr=0&mn=1&dy=29&id=p71319835188



The Falling Wedge
is a bullish pattern
that begins wide at the top
and contracts as prices move lower.

This price action forms a cone that slopes down
as the reaction highs and reaction lows converge.
In contrast to symmetrical triangles,
which have no definitive slope and no bias,
falling wedges definitely slope down
and have a bullish bias.



* Upper Resistance Line: The upper resistance line
formed with three successively lower peaks.

* Lower Support Line: The lower support line
formed with two successive lower lows.

From the High of 0.0014 set in late May,
down to the Lows of 0.0006 in mid-June,
USTC is now displaying the Falling Wedge pattern,
a bullish pattern that begins wide at the top,
and contracts as prices move lower.

Regardless of the type (reversal or continuation),
falling wedges are regarded as bullish patterns.