TradingView
lauralea
Nov 8, 2023 8:37 PM

ABC/D 

Royal Caribbean Cruises Ltd.NYSE

Description

SHORT interest is over 8%.
The target is D.
Possible stop below C.
This pattern forms over and over in the market and is a measured move down. Price hits C and goes back up. When D is reached, the target, this pattern often reverses.
The Auto-fib indicator on TV can help one spot this pattern. C will be at the 0 level of the fib table using this indicator. If price goes too much below C, the pattern is not valid.

No recommendation
More