Stacks started its upward impulse wave sooner than others. Back when a harmonic pattern ended and price settled on 0.618 Fibonacci level, STX started a strong upward wave. After a 500% growth, corrective wave started. Now it seems STX posed for continuation. Let's see what happens.
Comment:
STX broke the descending triangle correction pattern is going up.
STX broke the descending triangle correction pattern is going up.
Comment:
STX broke the major downtrend line, and broke it with momentum. This behavior could be sign of powerful upward impulse wave indicating that STX could see much higher price. Let's see what happens.
STX broke the major downtrend line, and broke it with momentum. This behavior could be sign of powerful upward impulse wave indicating that STX could see much higher price. Let's see what happens.
Comment:
After STX broke the major downtrend line, it went up, and still going. Now, STX is approaching the intersection of the major horizontal area and the possible ascending channel's upper line. Let's see how STX reacts to these areas.
After STX broke the major downtrend line, it went up, and still going. Now, STX is approaching the intersection of the major horizontal area and the possible ascending channel's upper line. Let's see how STX reacts to these areas.
Comment:
So, STX went up very well and reached both the ascending channel's upper line and major horizontal resistance area. Unless important news about STX cause to burst through this area upward, correction is most likely to happen. Let's see what happens.
So, STX went up very well and reached both the ascending channel's upper line and major horizontal resistance area. Unless important news about STX cause to burst through this area upward, correction is most likely to happen. Let's see what happens.
STX is breaking the second curved downtrend line. Let's see how up it can go.