Ascending Wedge (Failed)

27 thg 11, 2012

The pattern is most cases is a reliable, but after price broke the support, rallied back but failed to make a new higher and rolled back $114 but snapped back upside now a new lower high is expected. If that is the case, expect the price to continue downside and complete the cycle and hit target price. The pattern will be fully nullified if price makes a new HH