Ascending Broadening Wedge? Ugly Bull Flag? Or breakdown?
Looks like we (hopefully) just switched from one pattern to another. Or could this big ascending/broadening wedge really have been an ugly flag pole marred by aggressive trading on both sides? Or did we in fact break below the wedge lower support? But didn't we already break through the higher support of said wedge in late november?
Whatever pattern(s) we are looking at, it is definately a struggle between two very competiting opinions of where to go next.
Whatever pattern(s) we are looking at, it is definately a struggle between two very competiting opinions of where to go next.
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