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climbing_stars
Jul 8, 2013 9:31 PM

V Bullish Shark/Possible 5-0 pattern  Short

Visa Inc.NYSE

Description

This is by far my favorite pattern. The 1.618 extension on X-B with the RSI BAMM. It has a very high probability of playing out. My first target is major trendline support. If it fails to reverse through the 0.5 fib then further downside will proceed. I feel the same way about V as I do with MA. They have been in insane uptrends since 2010 I think it is logical to believe some downside is probable.
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