1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based...
As show on chart, price may want to complete the 5-Wave development and drive to approximately 55 per share. Will long next week, targeting 55.70 per share with SL set at 29.
Notice also a bounce from ML of a Fork which is being in play since many years ago.