Wednesday, October 28, 2009

Fan pattern (bearish)


now that the 60 min fan chart lost the 4th uptrend line, if the market can bounce back to retest that trendline, it would be a great low risk short.

for educational purposes, fan charts are bearish, especailly the 3rd retest, which was at about 1100 this time, that was a great short. Anyway, when the market does bounce, let's see if it can make it back up to the 4th trendline


No comments:

Post a Comment