NASDAQ:MU   MICRON TECHNOLOGY INC
100 5 4
Target hit
Isnt there upside after a shark?
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Yes - these are reversal patterns - however, there are no measured moves associated with the reversal. People play them all kinds of ways.
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Great call KLANG and appreciate your sharings.
As far as reversal, my observation is it takes a while after carving double bottoms. To start with i would keep first target, after +ve divergences on indicators, at 0.618 ration on upside.
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Do you place trades on the CD leg or do you wait for the pattern to develop and then make the trade? So typically you would expect a reversal here and so a trade!
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I have been on top of MU for some time - check out my previous posts - so I felt I knew how it was working well enough to take it near the 1.13
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