Looking for more of rise before then declining,(if it makes the pitchfork and fox wave line intercept)
looking to catch test after shake out in up trend for small quick profit
Markets around the world have had a nice run lately including the FTSE100 but this pattern presents a risk. Using the EWU ETF as a proxy for the FTSE100 (they differ a bit but its close) the chart demonstrates the breakout from resistance on 1/2/13, the market retesting old resistance now support on 1/8/13 and the rally higher from there. If we look at the...