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IWM 15 minute chart
Megaphone-tilted-down or “Descending Broadening Wedge”
“Downward breakouts are quite rare”
“The breakout direction is upward 79% of the time.”
“…partial rises and declines predict the breakout direction...” http://thepatternsite.com/dbw.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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well, guess that's it for today. Friday tomorrow has been generally bull friendly, also non farm payroll day tomorrow has been mostly up too. thank you guys, I'll see you tomorrow.
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