I noticed this consolidation pattern on ACN.
First, I would like to state that I am extremely bullish as an investor on the company. However, this looks like a promising short term trading pattern.
The rough average of these consolidations since 2010 is 15%. A great return. Even the last two corrections (9.5% and 8.5%) were good.
For me there' are too much...
The 16.44 resistance has broken. With low perceived risk on the market, the bearish trend should continue and 15.7 could be a first target (close to 5% profit).
