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  1. madmacs
    25,374 Posts.
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    27/10/15
    17:35
    Post #: 16265337
    a simple trick using the ellipse to project the target..Its the same method as the Cup and Handle projection..thats another arrow target ticked off...looks like this...
    Oh and the Bulkowski reference to the two candle shooting star is bullish 61% of the time...thats quite a wake up to me as all the similar rising star pattern doji type references are bearish reversals....The momentum of the price on the 21st breakout must be considered a factor...Candles in isolation of momentum are not so good ( with my basic level of knowledge)..cheers

    How much does Zhenya Tsvetnenko own these days.....?

    sma27102015b.png
    SMA Price at posting: 4.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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