The last Strat chart I posted I expected Strat to make a move, but it continued it's bottom feeding. Now it looks like we finally are primed for action! I drew a trend line from the top of the June high and overlayed a Gann fan and wouldn't you know it, MATH MAGIC! The Gann 3-1 line is exactly overlayed on the trend line. Adding Fib retracement you can see how it is currently playing along those, first with 38% as resistance and now 50% doing the same. I anticipate it will reach that anchor where the 3-1 Gann fan line, the Trend line and the Fib 61% line meet. A strategic meeting you may say. Strat is forming a cup on it's way back up, wouldn't that be some beautiful symmetry, but charts are seldom that neat so expect some fib play along the way. I've overlayed support/resisitance lines (blue dotted) along it's rise up that it will have to contend with as well. AO, RSI and MACD all seem to point to more upswing as well.
