A possible 5 dollar trade in APC - with break of necklineIHS is setting up
This chart is made for the FREE BLOG at our website.
APC is setting up an IHS -though not symmetrical. A timeline for possible breakout has been drawn in to show where a symmetrical breakout could be expected.
It's not to say by this chart if we will see a deeper pullback as it happened on the left shoulder. Indicator not showing divergens so no clear indication of direction.
As always...only becoming a valid pattern with a decisive break of neckline.
Resistance right now at neckline.
Target: 67.60ish
Oil sector
Stay sharp, charts at:
WALLSTScalper.com
Our specialty is trading the futures live - giving signals to help you in your trading!
