INTC - Falling Wedge pattern
 

INTC reshaped a bearish Descending Triangle pattern into a bullish Falling Wedge pattern on the daily chart. The forming Falling Wedge pattern is marked with two thin black lines.

To see the previous INTC article click here: Go!

The falling wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. The Falling(Descending) Wedge pattern is generally considered to be a bullish reversal pattern and is usually found in downtrends. The Rising Wedge pattern is marked with red and green trend-lines on weekly and daily charts. Normally the volume should increase significantly at the break out point. The direction of the trend depends mostly on the direction of the break out; and if the Falling Wedge pattern fails, down trend will persist.

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Re: INTC - Falling Wedge pattern
 

Looks good.

Re: INTC - Falling Wedge pattern
 

I have just replied to your other thread in which you're giving advice about MTW... if I'd seen this post beforehand I wouldn't have wasted my time, since it's pretty obvious you're spamming your website. Or are you just giving us friendly guidance? (Very poor guidance, at that)

Re: INTC - Falling Wedge pattern
 

So what. His site looks good for the guys on this thread asking for help learning to trade.

Re: INTC - Falling Wedge pattern
 

You think so? I think both his recommendations have been terrible and I'd warn anyone new to trading to avoid his site.

Re: INTC - Falling Wedge pattern
 

These recomendations were not so bad. This guy give us a forecast, asked to visit his site to wiew others. You can do it if you want. May be you will love others more. But if you think that this was bad just don't visit his site - it's the solving of your problem. I think it's not good to give a link on another web-site but it's not a crime. So I don't understand your reaction. [img]/images/graemlins/confused.gif[/img]

Re: INTC - Falling Wedge pattern
 

My reaction is based simply on the fact that (1) he is advertising his site and (2) the advice he is giving is not good. I have explained in his other thread why his advice was not good. Anyway, nevermind, I will stick to the poker forums from now on.

Re: INTC - Falling Wedge pattern
 

Uh, hello....

THERE'S NO SUCH THING AS A "BULLISH" FALLING WEDGE PATTERN.

Re: INTC - Falling Wedge pattern
 

You are correct. This is BS