Dave-
I am starting to learn this so I want to make sure i am seeing things correctly..Thanks for starting his community I believe it will prove very helpful

The symbols

IR, MTRX

Would you say that these are forming a bull flag, please let me know if I am reading the signals correctly or not. Thank You
Scott

Hi Scott,

Glad you like and are making use of the community.

It makes it easier for me to help if I can see the charts that you are looking at so I know what timeframes and where you are drawing it. With this in mind check out the below and see if you can post the charts:

How to Post Charts in the Forum for Discussion

If not no worries just come back to me with the time frame that you are looking at and I will do my best from there.

Best Regards,
Dave

AHH SORRY..IT IS A 6 MONTH DAILY CHART..PLEASE LET ME KNOW.. I WILL CHECK OUT YOUR POSTING CHART SECTIONS RIGHT NOW.

Is this a Bull Flag?
untitled on Flickr - Photo Sharing!

bull flag?

untitled2 on Flickr - Photo Sharing!

Yep I would say thats a bull flag as drawn in the chart below:


There is another pattern on this chart. Anyone see it?

Dave

Yes I think you can say that is a bull flag as well.


I would be wary of trading that to the upside though. Anyone want to take a shot at why I feel that way?

Good charts satucker glad to have them to discuss.

Best Regards,

Dave

Dave, i tried uploading the chart..It said it worked, did you receive it?
scott. It said it had to be approved by the moderator?

ok im still new at this, why be leary of the second chart?
and what is the second pattern on teh 1st chart...man this is harder then it looks!

Hey Scott,

Yep got it. When a new member posts a comment with a link in it that comment has to be approved the first time to make sure someone is not posting spam. From now on anything you post will go straight to the forum and won't require approval.

Dave