Is UC continuing its bullish bat formation?
Friday, it rejected the 61.8% resistance.
Thursday, it didn't even make it to 61.8% resistance.
Wednesday, it went slightly above (with high impact news) and STILL dropped back down to make a lower low.
Tuesday, an even greater lower low.
Monday, 50% retracement was touched and the trend went down for the week.
Based on last week's trend, I'm banking on this pattern to complete. With that said, watch to see what UC does this evening. Not much high impact news tomorrow.
Friday, it rejected the 61.8% resistance.
Thursday, it didn't even make it to 61.8% resistance.
Wednesday, it went slightly above (with high impact news) and STILL dropped back down to make a lower low.
Tuesday, an even greater lower low.
Monday, 50% retracement was touched and the trend went down for the week.
Based on last week's trend, I'm banking on this pattern to complete. With that said, watch to see what UC does this evening. Not much high impact news tomorrow.