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Wednesday, January 9, 2008

GEO: Falling Wedge (part 2)

I'm wrong about being bearish in this issue. I was corrected about falling wedge issues. It seems falling wedge are most of the time bullish.

Today, this issue made a breakout. And, here's my Fibonacci ratios

0% - 1.68
23.6% - 1.80
38.2% - 1.88
61.8% - 1.98
100% - 2.18

This time I'm watching these ratios to study the falling wedge patterns and Fibonacci ratios.

Falling Wedge Pattern
GEO Chart as of January 09, 2008

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