You know what I am thinking, seems like patterns don't work all the time. Maybe somebody knows many eyes are watching and wants to direct traffic. I was hoping for the $11's soon. Looks like $10 could support.
Patterns never work all the time. Smart money uses them against traders. When a price moves that far out on a wedge or ascending triangle, it is not usually good and the price either leaks out sideways or takes a tumble. Last friday was classic, bringing the traders in just to smack them down. I would not be surprised to see this shake out begin the up move. But that may just be wishful thinking.
lol.. well I dont actually own any shares so Im not that upset but I was really hoping to buy on a breakout. Looks like I'll be trying to buy on a dip now. Not really my favorite strategy. We'll see what happens.