Dollar General has more downside and reversal zone identified
This idea is based on Wyckoff's method for determining price objectives using the Point & Figure count of the distribution ranges. We can see a complex distribution range existing of 2 different types of distribution patterns at the top.
The yellow range is based on Wyckoff's distribution schematic 1 and the white range is showing a type 2 distribution schematic.
If we take count the ranges separately, this yields a potential reversal zone between 108.50 and 89.50 dollar per share.
All other information is on the chart.
Good luck,
NQDecipher
The yellow range is based on Wyckoff's distribution schematic 1 and the white range is showing a type 2 distribution schematic.
If we take count the ranges separately, this yields a potential reversal zone between 108.50 and 89.50 dollar per share.
All other information is on the chart.
Good luck,
NQDecipher
