AI
Thursday, January 08, 2015 7:56:19 PM
BIDU daily - this is in a descending wedge pattern. The reaction bounces aren't quite as high as the last, or the one before, e.t.c.
Warning though, that upper trendline is to be respected. It's a bearish pattern, but just like the bulls, the bears put stops in too. Right above that trend line. If it breaks to the topside, it usually gets an over reaction and the bears lose that round.
Warning though, that upper trendline is to be respected. It's a bearish pattern, but just like the bulls, the bears put stops in too. Right above that trend line. If it breaks to the topside, it usually gets an over reaction and the bears lose that round.
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