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Re: conestoga_days post# 40883

Thursday, 02/27/2014 4:36:48 PM

Thursday, February 27, 2014 4:36:48 PM

Post# of 47295

so to make a more true ascending triangle you need to go back to November



No the green ascending triangle shown on the second chart is it.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97984742

From Nov your looking at a rising wedge and or working cup & handle. As Nov price did not reach the same top resistance level to cause long ascending triangle. The longer the chart evaluation, the more complex.

Just start checking a 6 month chart, for comfort; but evaluate a 3 month for swing trade.


Longer, more complex. Trade the most resent short term pattern, in purple.
What you DON"T want to see in this 6 month chart is the price to stall and walk out of the rising wedge. Crossing the lower trend line. That would call for a successful long term price decline. In BLUE.

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