TSXV:WEE.H - Post by User
Post by
koldrake1859on Jul 03, 2008 1:29pm
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Post# 15254250
EUREKA ! WE'RE GOING UP
EUREKA ! WE'RE GOING UPI have been scratching my head over the past few days trying to figure out what kind of technical formation the price action was trying to morph into. I think I got it now.
We are most probably in the process of forming a bullish flag (or maybe a pennant). These are continuation patterns (upwards in our case) that have a very high probability of success. When it completes the short term target is either 3.88 or 4.28 depending on how you read it.
The completion of the short term flag pattern also puts a larger longer term formation in play that I have talked about in the past.
Fasten your seat belts.