Looks like a corrective structure is making ,still too early to tell but very soon we will see. If it is then buying the break out would be a NICE long term position trade .For now I am neutral.
Comments
anilmangal
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The "B" wave in the 4th (if this is a wedge) went sideways more than I expected but the up move is now in play. If it's a wedge then one more move down before it breaks out . If the correction is an abc flat then this up move will break out. In any case this pattern is expected to break to the up side.
taniab
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sideways then up?
mac019
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This will be very interesting.
ChartArt
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Good overview, although I expect a dip down first into the 22X price area and then a strong move up, maybe next week.