A small bat pattern is nesting inside a type t2 reversal off of a Gartley . Meanwhile, RSI has exhibits a complex structure in the overbought zone supporting the likelihood of price retesting the highs at a minimum. The 15m chart will tell if we get another entry opportunity. Given the range of the last few bars I think another chance at an entry isn't out of the...
Short on break. TEL(Weekly). Potential H&S. (IF), 200 sma and uptrend_Line confirm.
TEL expected to open at 65.62 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com
A similar pattern may indicate a similar result.
Prior long term fib levels have been areas notorious with breakout/retest situations. Will be interesting to see how the linear regression momentum will interactions with the 1.6 fib level. One to watch! Stumbled onto this through Sprott Asset Mgmt holdings... No trade from me yet, just studying.
Moving averages indicate bullish behaviour, price has pulled back to the pullback level with a good candle formation, which indicates that it will go up. Target is at near-by minor resistance.