IBM share has declined sharply 29.07.2014 braking the support (green) down. Now the price is exactly on the 0.5 of fib support.There is a new resistance line (red).
So the first think in mind is the support of 0.5 of fib or not. is and too. The now is the usual.
We have no special pattern. The share is into the KUMO and the Kijun Sen (blue line) too but on the Tenkan Sen too (green line) that support the share. The Chikun Span will show today's support or not.
There is no special pattern.
In last diagram we have report to be careful @ $196-$197 because the returns from $180 to $195 movement was about 8,3% and we had a profit take event.
For a long view the share must test the top of KUMO. Otherwise short under resistance line.