Looks like a healthy continuation pattern. Watch for the break of the downtrend resistance line for a breakout, or break of support which will likely indicate the pattern has failed.
AMPHENOL reached a"longterm" Action Point - the last Top @ 60$.
Above that Level i exspect a Breakout-Move up to 72$.
In my Chart i have illustrated the thinkable longposition. That`s just my view, trade your own view :-)
Will be watching for continuation and volume.
Looking for a break of $5.50 level, retest, and bounce.
What do you guys think? It's been in consolidation for so long now. Poised to break out?
Previously on :
Almost there as it gaps towards the upsloping red trendline.
Previously on 2013.08.06 https://www.tradingview.com/v/RWCqyQsp/.
Price will head towards the red upsloping trendline as target.
Price retraced up towards L-MLH for a final "Kiss Goodbye"before thrusting towards the WL-1.
Wait till breaks below low of previous candle to short.
APH bouncing off long-term trend support