Equity Oracle: 12/07/12


Most of the time I am buying on a role-reversal support level or selling on a role-reversal resistance line, but in a rare instance I will trade the Wedge Pattern. A wedge, aka flag, pendent or triangle, is a fairly reliable price pattern that suggest a possible break out is about to occur. In this case, the buyers are showing an increase in volume as the stock closes right at the upper line on the wedge.

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About AJ Monte

As a premier trading consultant, AJ is one of the most sought after in his field. He teaches professionals specialized techniques on how to accumulate and protect wealth through innovative market techniques. TheMarke__404+

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