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Re: reasondeep post# 22265

Thursday, 04/04/2013 9:55:49 AM

Thursday, April 04, 2013 9:55:49 AM

Post# of 146838
Reasondeep I don't actually agree with the .4147, though it should hit .047 and bounce and go up from there.

If it were to go down past .0455, it would break the Triangle, then be a different formation.

But it looks like a Pennant Formation now with the E being the last high of the Sinewave coming down to .047 at Major Support for the launch to .1224. You show .114, close enough.

Look at .1224 and see the Chart Pattern going there and look at the RSI History and you will see what I mean.

Thanks for your Charting. I like these discussions!

All statements made are my opinion only.

You should always do your own Due Diligence.

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