April 27, 2011

RISING WEDGE OF ES

  • ES Four hour chart with a rising wedge.
  • Steep Trend line shows possibility of a correction. 
  • But price breaking above the resistance line will add bullishness to the chart.
  • Rising wedge is a bearish reversal pattern, Bearish only if price breaks the support line clearly.
  • CISCO - WEEKEND UPDATE

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