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- 23 October 2005
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Hi Kennas,
Tls...one of my few loooong-term pattern trades... trading a potential cup on the weekly... unfortunately can still fall a long ways and remain valid ..
Cheers
Kauri
Hello Kauri, hows things?
Great chart, I actually have been looking at the daily chart of this the last few weeks, the struggling move up in that timeframe appears to be and EW Ending Diagonal (ED). Moves away from such patterns(in this case it would be down) can be quite abrupt. These are terminal patterns of a particular "degree" of trend. Whether it is the larger trend in this case remains to be seen, but this was easily spotted from weaks ago
Cheers