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Posts Tagged: Pennant Pattern before 55K

  • ALWAYS BET ON BLACK - Update 7

    April 21, 2014 by Buy-Black 0 comments 1768 viewson Market Analysis by buy-black

    STRONG PENNANT CHART FORMING - CONSOLIDATION IN PROGRESS   After the sharp price movements from yesterday a typical Pennant Chart is forming. This formation should resolve to the upside to test the 55K resistance when enough volume takes out the panic sellers that formed with the previous violent price movements. See here for an explanation …

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