Tuesday, March 22, 2011

British pound futures

I'm offering this chart specifically for those that don't believe in technical analysis. I drew these trend lines on 3-2. Look at the price action at the high as it kisses the under side of the trend line. Hope this helps

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2 comments:

  1. UnknownMarch 24, 2011 at 6:57 AM

    I Like the graph but i dont see that as a rising wedge, the rising wedge need a trend to reverse, the trend befor the formation was flat and the trend inside the wedge formation consedard as a flat trend so what will be reversed ??

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  2. Jim StevensonMarch 24, 2011 at 7:19 AM

    thanks for the comment.where did i call it a wedge. i don't always name setups. are you on my buy/sell alert list?

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