Replies to post #219588 on American Green Inc (ERBB)

[Long-vestor]

Just 1 itsy bitsy, tiny problem, that's not a pennant it's a wedge.. the pennant was the 3 red candles that followed the green pole. As for the rest, go back to SQ 1 and Put another quarter in the slot and try again. ;)

A Pennant, unlike the shape of a ball game type of pennant is, a nicely symmetrical triangle with even sides up on a pole.

You've outlined an ascending wedge, notice the highlights here of a pennant; where it failed the triangle at the apex. Then the next chart, below it, what happened after the pennant failed and a falling wedge formed. that all of the highs and lows are retained within the trend lines. Realizing I hope, your out line of a wedge, is not a wedge at all. You have to use every high and low before you can say there's a pattern.

[fishmanszmit]

Excellent looking chart halbaag! VERY accurate. 15 minute charts can't be compared to daily in this case so THANK YOU for the great info. I expect a RUN soon as well, especially with the debentures coming due in less then 2 weeks

[fishmanszmit]

Re-sharing Clay Trader's chart VIDEO and my daily for ERBB. ERBB looks ready for the next leg up in this potential RUN. With debentures coming due in under 2 weeks, I can see this chart perking up for a break out above this PENNANT FLAG. GO ERBB!

ERBB Chart from Clay Trader

[jjr04001]

Nice