TSCO - Don't back up the trailer just yet...

NASDAQ:TSCO   Tractor Supply Company
Quarterly candle was a bearish engulfing, suggesting lower prices for this quarter. Other indicators also suggest one more push down is needed to complete this wave 4 correction/flat. Although the recent moves off the lows can be seen as motive, there is not a clean impulsive structure that really fits what the candles are saying on larger time frames. Last week was a bearish engulfing candle and something tells me this week will morph into a doji that will create a bearish harami combo, adding more fuel to this thesis. GLTA!


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