so far the rebound is overlapping, so I'd rather see it as a Bear Flag or Rising Wedge.
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Moving north toward the San Francisco bay area, Gray Whale Cove State Beach near Pacifica, Half Moon Bay and Moss Beach is one of the few beaches in California officially recognized as a naturist or clothing optional beach
BullBear52x wrote:stay focus folks, we are in the last stage of consolidation, here is my take on Fib extensions measurement. this one is not for entertainment or for fun, this is for real, chart pattern is all good but price pay. let do what we do best here TA and nothing else (Oh making money too )
Nice Chart BullBear. Critical time approaching. I think there are stops lurking below that could take us down below trend of rising lows and bring on lower low to compliment recent lower high setting up trip to Bear Town.
If there is one more push up (next week), I think resistance can make hitting your 100% retracement and getting to Bull Town tough. I am using 56 day EMA (should be around 1230 next week) and 70 week SMA (should be around 1216) as resistance zone.
Bear Flag breakdown as I expected. now key time because it's testing the morning low, let's see if bulls can hold here.
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