This is a nice little bull trap, sort of shows a box pattern there at the top. But best to just wait for it to break the trend. This is sort of a Wedge(Below. Breaking the trend already. It was above support/resistance, and now it's dipping below it.... That it's sort of "playing with that level" and it's not Clear support or resistance is concerning.
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Wednesday, August 27, 2008
Both are toppy patterns
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