QuantitativeExhaustion

Name Your Price! Double Top or Bearish Wolf Wave.

NASDAQ:PCLN   THE PRICELINE GROUP INC
869 2 14
Biggest Gainer over the past 12 years. Priceline.com one of the few companies to make it out of the .com bubble.

Chart suggest we have a possible double top forming or a bearish wolfe wave . To proceed with the double top PCLN             will have to take out the 1.618 fib resistance. If price fails to break 1.618, at $729, you will see a quick drop to the .786 fib support. Price could take another turn and full fill the Wolfe wave pattern and head to 554. -or- PCLN             can regain strength and attack the 780 double peak later this year.

Right now I see the retest of the .786 fib around 664-677 (small red box inside the wolfe wave ) as most probable. This would also set up a strong neckline and reaffirm an overall double top and possible head and shoulder within a wave 5 pattern.

I took the time to go through the chart and pick apart the wave count.
Nice Lines JR!
Reply
snapshot


Wolfe Wave / Extended Ascending Triangle-Wedge
With Pitchfork Fib Support/Resistance
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out