Tuesday, June 21, 2011

BEL on a possible symmetrical triangle

Figure 1: BEL Price Chart

BEL is possibly due for a pullback towards the breakout point or towards the upper line of the old symmetrical triangle. If this happens, then we have a possible new symmetrical triangle for BEL. Right now BEL's price is located on a major support line (38.2% Fib line).

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