lowtrade

[lowtrade]

Lets cover your question first.

It's very common to see long term patterns, with mid term patterns in them and mid term patterns with short term in them. My rule about that is, trade the last pattern first and thank the larger pattern for support if it agrees. Think twice before entering if it disagrees. One trades what's now and invests in history. I often position trade (invest) in patterns 3 to 6 months long , but swing trade short term patterns while holding.

As for you stock you've got the knack at recognizing chart patterns. That's outstanding! Now you need to understand what they tell you. Don't think big board reliability on the OTC. That chart is a OTC pump & Dump which is over. The rest is retail trying to empty their bags.

The mid / short scenario there, says enter only with caution because of a larger negative mid term pattern and positive short term. But only at the big boards. IMO

If your interested in finding OTC comeback stocks research share structure to find new shares issued. Because no matter what the OTC chart says, retail not only doesn't, but can't, cause a comeback.

The only time OTC charts can be relied on is when the price action and volumes show a free trading stock. This means no resent darkside play occurred.

IMO EWRL is over and walking out of a falling wedge isn't going to cause it to reverse and climb again. That will take new funding.