For the record I still agree with the wedge as the strongest pattern. Just trying to ascertain the next steps presuming it was to break upwards.
So I guess my question is at what point can we consider movements outside a channel to be "false breaks" or can that even happen.
I think the channel will continue to hold validity as the move to close the gap at 6.7c would keep it still bounded.
Second one would be, I'm trying to ascertain where confirmation of pattern reversal would be. As the last wedge, which broke upward (to the run at 15c) turned out the be the current wedge we're in now.
Third one, does the angle of inclination have any determination on trend reversal?
That whole spike in Aug seems to be a real outlier.
Thanks in advance.
AVZ Price at posting:
4.4¢ Sentiment: None Disclosure: Held
