lauralea

Rectangle Top

lauralea Updated   
NYSE:CVX   Chevron Corporation
This is a neutral pattern until a trendline is broken with a trend in that direction.
Possible targets for a break to the upside in white type are over the Rectangle TOP. Targets to the downside are in orange type below price. The larger orange type are possible targets 1. The smaller, and even smaller orange type are possible targets if targets 1 are passed. Targets 1 will more than likely be passed if/when this rectangle breaks down.

No recommendation.

There is a Rising wedge below price that is not valid as the lower trendline has not been broken.
Long line of green candles so there is a lot of buyers on board.
Comment:
Top trendline of rectangle is 174.76
Bottom/support line is 154.52
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