IVR 0.00% 4.8¢ investigator resources ltd

Ann: Updated Resource for Paris Silver Project, page-174

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    The reason I say $11 is as chart shows Megaphone pattern
    Megaphone patterns are the most reliable pattern in charting
    The longer the time period the better the accuracy

    Been charting long? I can see by the megaphone you have posted that you would have moved your uptrend break at least two earlier times and still no $11 target. A megaphone forming in a downtrend which is described as a broadening pattern is actually bullish.

    Back to technical analysis school for you I would think!

    In my earlier days of charting I used Metastock charting software! The beauty of that software was the ability to invert a chart to eliminate any bias. Blind Freddy would ascertain that if this chart was inverted then the chart pattern would be bearish. So when not inverted it is a bullish broadening pattern. Awaiting a break above the upper resistance channel which will unleash a powerful rally!

 
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