Weekly chart with a probable W pattern forming. This is most likely a Bat (4th leg ends at the .886) or an alternative Bat (1.113) and will reverse when target is reached.
No recommendation
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Resistance overhead
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4/19Personally I do not see why homebuilders and real estate is moving up at all . Go figure. Like thunder, it can be hard to know where it came from ):
Hi Lauralea Question...didn't the W already form waaaaay down around the 92.65 level. I would say the objective for the "double bottom" was met around 104-106??? I don't understand how else the W would be formed...maybe a W is different than a double bottom???
Question...didn't the W already form waaaaay down around the 92.65 level. I would say the objective for the "double bottom" was met around 104-106??? I don't understand how else the W would be formed...maybe a W is different than a double bottom???