For my personal reference & humor only.
Failed short term 'odd' cup & handle break out.
Possible Pull back for more 'cyclic accumulation' & longer term cup & handle run up?
Red Dotted Line seems to be a gradual longer term trend line.
Solid Red lines seem to be accum pre-price drops. (noted in Volume ...
For personal reference only. NOT a forecast.
Chart Cleaned up to reflect today's Price movements.
Anticipated pull back realized. Right shoulder now in place.
If blue trend line breaks to the down side possible price drop to long term up trend line (Red) @ 227.80 - 228.84
For my future reference only
Red: Possible Pull backs
White: Possible bounces
Case: 16 hrs above the 200 MA and 12 hours above monthly pivot, I would think there will be a pull back, even if small & some point.
Neon Green hand drawn Line is potential 200 MA
For future reference.
- 200MA Touched on 4H
- Monthly Piv Printed Just North of current price
- Similar Scenario to Jan 12 in regards to Price & 200MA with Vol with a previous sharp down turn.
Note Lime Green 200MA hand drawn as a possible continuation of 2 month pattern.
Updates: 5/1/15 Post Settlement Pull back
For the past two of my highlighted cycles, as soon as the Triangle point to the right is hit when many people seem to think the trend is down after failing to break out, then it does. In between points #3 & #4. This is off of a trend line from the $300 area. Price may break up to and slightly past the 200MA (Neon ...