On a monthly basis, Target <TGT> has entered a liquidation state

On a monthly basis, Target <TGT> has entered a liquidation state after multiple years of a descending triangle. First sign of stress appeared in the equity when 1×2 GANN was violated in August 2015 forming a descending triangle consolidation at a high for +1 year. Next came the follow through which occurred this month unleashing overhead supply violating the 2008 top to the downside. Rule of angles suggests 1/1 migration is in progress, which alludes to more downside for 2017.