okay i find this one a little tough to project on just yet. however i think we can make some short term assessments based on the support lines we have had. if we look back over the past days we can see a discernible top line. the bottom line is harder to pin point on this one as the fluctuation have been all over the place. I do think if the current trend line holds that we could see an upturn in the near future. CCI and VWAP both are starting to trend in the right direction. My concern though is the lack of support on the bottom of the triangle drawn. If the course follows this line we should seen an upturn in the near future. given how hard some of the resistance has been This one could be tricky to project.
Comment:
Okay as you can see this one def took a huge drop at the start of the triangle but then pulled right back to trend on the line and has stabilized and appears to be testing the range of the open triangle. if she bounces off I think we will still see a gain here.
-Rule 3 stop loss is your friend