Checkout this repeating pattern... one bounce followed by an exhaustive three drives-ish pattern. Today was the third time it's gotten rejected from the .618 retrace, now at top of channel and showing momentum divergence. Bollinger showing it's coiled and ready for a move.
Comment:
Also interesting is that each of these previous patterns measured exactly 30 bars / 42 days from peak to peak. Yesterday was the 43rd day since the peak in June...
