Confirmation: 99.65 (weekly candle)
Invalidation: Local high
Type of Trade: Countercyclical (EMA50 above EMA200)
Pattern: 1) monthly rising wedge reversal with 2) break of weekly support, and 3) break of major support line.
Taking a look at the daily chart CIBC TSX:CM to see that it could be at a very decisive point around the $104 area. Price hit a major horizontal that acted as a strong resistance turned strong support with price hitting that level on multiple occasions with subsequently massive price movement to follow.
* If price breaks this S/R level with conviction I will...