was looking at IDL thought this might interest andy
looks like a tentatative flag forming - possible pole projections in green
in terms of pattern trading, an agressive entry would be at the bottom of the flag channel, conservative being break of flag, ultra conservative being backtest of break... of course pattern breakouts often dont backtest at all
interestingly DCG, same industry / sector as IDL, just recently completed a very similar move - break, flag, break to pole projection
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- charts week beginning 14/11/2011
was looking at IDL thought this might interest andylooks like a...
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