Tuesday, January 4, 2011

EUO's Busted Rectangle




From Bulkowski's site: "Busted patterns: Price that moves less than 10% after the breakout before reversing and zipping to the other side of the chart pattern, thus trending in a new direction. The move busts the original breakout direction." EUO's reversal started with a downward breaking busted rectangle (middle rectangle). The busted patterns often perform better than the non-busted versions.
Immature White Ibis seen with Jonathan, Melo, Randy, Zoe, Jake & Allie on Corner (Esquna) River off Golfe Dulce, CR 12/10.

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