The breakout of the soaking wet cigar pattern shows bearish sentiment to the downside with a "Sell in may, go away" bearish move, all the way to the 0.382 fib retrace of the large monthly upmove. It would likely be followed with a retrace up and more downside to follow through, or the less likely continuation of the upward monthly trend. Tread carefully and enjoy the show! :D
Comments
ForceFollower
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:D Great! I've shown your idea to my whole family - everybody liked it. :)
Mennzz
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Haha, that's epic! Thanks ;D
itaskar
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haha, beautiful, nice work :)
Mennzz
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Staring at a blank screen for a few hours is sure to birth a few interesting charts every now and then lol... Thanks! ;D
LevRidge
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look here picasso.... give me my 1.74!!
Mennzz
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Hahahaha! No.
LevRidge
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O.o
:O
Mennzz
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lol... okay maybe... but only if you buy me a tree... with nuts on it... ;P