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s4bin
1 sept. 2013 21:28
pennant analysis
Short
MTGOX:BTCUSD
15
Bitcoin / U.S. Dollar
Mt.Gox
Description
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1 sept. 2013 21:28
A pennant is forming which, considering the low volume downtrend, has an 88% chance of a down burst.
It should retrace by 51% of the flag height (A -> B), starting with the highest point reached inside the pennant, reaching point D.
reference: Bulkowski's Pennants - thepatternsite. com/pennants.html
Commentaires
BitcoinMedusa
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1 sept. 2013 21:31
Bulkowski is such a respected trader/author. Here is the full site address.
thepatternsite.com/pennants.html
Thank you so much for doing this chart for all of us. It is important work. Sincerely, Beauty
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