CMT – Potential Bullish Reciprocal AB=CD

01 Aug

Potential Bullish Reciprocal AB=CD

SOUTHEAST ASIA CEMENT HOLDINGS, INC.(PSE:CMT)This is the first pattern to look out for. If this breaks down, it could morph into a bullish shark or a 5-0 pattern. Let’s observe price action at the PRZ first.

Aside from the bat pattern I posted days ago, this is the smaller pattern, whose BC leg could be the above:

Potential Bearish Bat

The point D PRZ of this pattern converges with the 61.8% retracement of the XA leg of the bat pattern.
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Posted by on August 1, 2011 in Bullish 5-0, CMT


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