Very confused at this moment- could go both ways- for a double top and for 55-54 trgt on the downside- I go for downside:)
Comments
sublimares2
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Update: nice reversal candle- and a quick impulse wave up to 50- 55, followed by correction, making a lower low. Thats the level (34-32) expected to pause the downtrend.
A-shot
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Thanx! Whats special about 50.76?
sublimares2
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Its resistance- not a strong one so it is possible that this pattern might occur
A-shot
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2014-01-17 it broke up from the pattern. Maybe you can update your projection on the stock?
sublimares2
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worked nice- choppy but into the trgt
TradeVulture.com
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It's going down, because we have to retest the leg start at 56-58