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Saturday, June 2, 2007

Lessons Learned: It's a descending right triangle with double top

I posted the RLT chart at Absolute Traders Forum. Master Bonner pointed out that the Double Top Pattern can't be ignored. I seem to have ignored to consult the Absolute Traders community in view of my excitement at that time. Hmm, I think I could hear Master Danny telling "Emotions - Don't trade with emotions" I'm posting here two charts plotted by Absolute Traders seamaster and mhanz794.

Chart by seamaster

Chart by mhanz794

More, I seem to have forgotten that a descending right triangle is a bearish formation.

Related Post:
RLT: Breakout from a Right Triangle