a little mess here, but i still think a rebound is more likely as I see 3 small push down here. That said, if you view it as a consolidation pattern (rectangle) then you might be right too, so tough call here. let's wait and see.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
by the way, if indeed it's a consolidation pattern, then the eventual breakdown would be another measured move which looks terrible, so better don't go this route.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
here's the consequence of the ultimate breakdown, better not go this route. For now my feeling goes with 3 push down so a 2 small legged up is in the card...
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.