PRZ for Charter, momentum's been too strong for too long on weekly
Watching Auxilium over the next couple of days to see how if it's going to hold the rest of this weekly/daily sell swing at AB=CD support zone. With the booming Friday having little upside benefit for AUXL, will be interesting to see if the line in the sand can remain intact so weekly stochastics can drop into oversold and look for a buy swing on daily.
Interesting 60 min look here for the IBB.. after a several month run up (which looks like to be in itself a larger frame corrective B wave to a multi-year run up), price completed a beautiful proportionate AB=CD. However in order for this bounce to prove it's the next impulsive leg up instead of being a countertrend to the larger frame C downward continuation, it...
Notes on chart, higher time frame momentum rolling over
60 min bear flag while weekly momentum is spilling over from higher time frame double top.. sure to tug daily along with it. 50MA sloping down with BC 1.62 projection coinciding with prior swing low for the most logical first target after flag break
After making impulsive decline Natural Gas in coming up on a potential inflection point, will watch to see if it will begin B wave from this point or if the downward momentum pull blasts through.. I'm in the former camp.
Facebook is a fade on the daily below corrective B high/.786 retrace of A, chart is a self explanatory proportional AB=CD. Momentum is rolling over on the weekly as well.
Daily double top/reversal candle forming, 60 min subdivides into anticipated C wave.. obviously want to wait until momentum shift for confirmation
Dropped on my radar by Klang, diving into 60 min subdivisions... potentially ending ABC correction, 60 min sub-divides into nice 5WC, APP's + 50% fib over prior trend shown