Golkor Inc (GKOR)

[tradersrule]

If you draw your lines correctly in your 3rd chart, you will see that the pattern developing really is NOT a falling wedge, but rather a descending triangle.

Your top line should be touching each peak in a descending fashion and meeting up with a horizontal line drawn at .12 (connecting the last two bottoms) on the right hand side. This is a DESCENDING TRIANGLE....not the cob job of a "falling wedge" you have drawn. It hardly even comes CLOSE to resembling a falling wedge IMO.

A DESCENDING TRIANGLE is bearish.....and if our pps touches down on .12 and slips below....then there would be more downside to come. MO .......rule