Just an observation and not a recommendation.
On weekly some kind of C&H and on daily symmetrical triangle.
Keep it in my watch list.
On weekly some kind of C&H and on daily symmetrical triangle.
Keep it in my watch list.
Comment:
Looks like it turning negative with whole market and it forming descending triangle with support at $41.30 area. If it breaks - possible short to $37.67, than $32.59.
Comment:
After getting back to consolidation area, still possible long if breaks upper resistance in $50 area.
Comment:
Continue consolidation forming flag pattern. Possible directions on the pic below.
Comment:
If will not hold $34,90 than next stop at $32-31 area.
Order cancelled