Possible bearish wolfe wave / rising wedge on First Majestic Silver. Viewed on 4hr / 240min chart, also seen on daily chart. Coming up to earnings date. Just started trying to identify wolfe wave patterns, so will be interesting to see how this plays out.
Comment:
Didn't make it to 1-4 trendline, however considering state of current economy probably not a good idea to short a stock dealing with Silver & Gold! I'm thinking it's better to have a bullish bias towards these types of stocks.