This is intended to be a forum for me to post chart ideas and hopefully receive feedback and stimulate discussion.It is not intended to constitute investment advice.
Saturday, 15 January 2011
Amazon rising wedge,1/8 retracement chart
Sometimes,if you think a top may be near it can be helpful to draw in a range chart with 1/8 retracements.If there are lots of "touches"( as here ,marked by arrows ),particularly on the 50% line it can offer a clue that you are on the right track.
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