At 145.28 resistance zone, seems like a Wave 2 retracement. Waiting for bullish candle/pennant breakout for Wave 3 confirmation, or resistance zone accumulation for a BUY.
While price action drooped a lot in the past few days the basic structure of the cup and handle is still in play. I am waiting for a break above res. at $36.50 with strong volume for confirmation before going long.
You can see how the Pitchfork structured the prices beautifully which was arrested at the Warning Line.
Possible reversal back up to the Lower Parallel.
We can argue the upper trend line. I see two clear touches and a near miss. Never-the-less this has been turning over since July and coiling inside a symmetrical triangle. I see pretty clear indications of market makers (MM) and Insider activity in the price volume dynamics, indicated by flags. I still would have liked to see that 2nd confirmation on the upper...
FE made a major break last week of 4 month old long term downtrend line. It made the break off long term support. I will be watching to see if this foothold can climb. Weekly oscillators show ready for a long term move up.
