lowtrade

[cero9]

Good evening Lowtrade. First let me thank you (and Blackopstocks) for your time, study guide, you tube channel, etc. They are invaluable to anyone trying to learn the ins and outs. Much obliged! …

I have a question about EWRL, specifically about patterns forming over other patterns and their reliability:
http://stockcharts.com/c-sc/sc?s=EWRL&p=D&yr=0&mn=3&dy=0&i=t63349667708&r=1391995405296

From Mid November there appears to be a descending triangle which broke support on Jan. 22nd. As it projects out to today it now appears to be a falling wedge with a trigger near the old support (I have it at .019). It also looks like big money was loading the first few weeks of the year while retail was selling. Thanks for any thoughts...