Sunday, May 24, 2009

Watch This Market




As you can see in the above chart of copper we have a picture perfect symmetrical triangle taking place. This is one of my favorite patterns because the moves are usually fast and furious.

The trend prior to the formation of the symmetrical triangle was up so I prefer to take a breakout to the upside.

1 comment:

niru said...

If it does breakout to the upside what would be yuor target?

Thanks.

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