ContraryTrader

Cisco Time for the pullback

Short
NASDAQ:CSCO   Cisco Systems, Inc.
Almost reached the top of consolidation (58$).
Primary pattern is a huge double bottom
Secondary pattern -Rising wedge

I think we see a pullback here to the 48-50$ area to make a handle for the double bottom before making new ATH.

If this dumps past 48$ we're headed back to 40$...

Pull back signs?
1.Top of the wedge
2. Volume decreasing
3. MFI flashing
4.Macd overbought


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