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Jul 13, 2015 5:07 PM

AMAT waiting for completion of a Deep Crab Pattern Long

Applied Materials, Inc.NASDAQ

Description

Entry point confirmed by historical structures

SL at 188,6% Fibo of XA leg

TP1 at 38,2% Fibo of CD leg confirmed by previous supports

TP2 at 61,8% Fibo confirmed by previous structures

Right now the market is retesting old support level. We can also see a possible hidden divergence so there's a big chance that the prices will continue falling and reach the entry point in a couple days
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