GREY:AVGCF - Post by User
Comment by
art27on Jun 14, 2010 9:36am
339 Views
Post# 17185461
RE: chart
RE: chartHope it is as you say. It is kind of difficult to put up with this crap for 2 months now.
"A descending wedge is usually bullish. When it begins with a wide topand narrows as prices action moves lower, it usually results in a topside break. Prices form a wedge that slopes downward as the high and lowprices begin to contract and lower volatility ensues. Although thispattern is considered to be bullish, it is important to remember that abreak out is needed before confirmation of the bullish bias occurs."