First post after learning from BItraged youtube channel.
ACBFF is getting close to the top of the down trend channel. Watch for confirmation of either a break of the downtrend channel upwards or a touch of the top with continuation below.
To be bullish, we need an impulsive move up. If its a corrective move up, it wont be a strong buy.
Right now, we can consider this a possible formation of a bull flag. So its likely that we see an impulse move above.
ACB has been respecting the patterns very well.
ACBFF is getting close to the top of the down trend channel. Watch for confirmation of either a break of the downtrend channel upwards or a touch of the top with continuation below.
To be bullish, we need an impulsive move up. If its a corrective move up, it wont be a strong buy.
Right now, we can consider this a possible formation of a bull flag. So its likely that we see an impulse move above.
ACB has been respecting the patterns very well.
Comment:
So it didnt close above the top channel. And today its down.
If this closes down today, then this channel is still in play and look like we will slowly consolidate towards low 5's
If this closes down today, then this channel is still in play and look like we will slowly consolidate towards low 5's
Obv do your own due diligence!!