Not only do we have bearish patterns on some shorter term time frames, but we're also seeing it on much larger term time frames as well. This is yet another ascending wedge, but this time it's one that has formed over a 5-6 year period. If it is broken to the downside, the move will most likely be substantial, but it may take a while. Analyzing a 1 week chart showing the past 20 years is a completely different story than what you would see on a 1hr chart showing the last 20 days.
www.investopedia.com.../07/rising_wedge.asp
www.investopedia.com.../07/rising_wedge.asp
