tranthrax

tranthrax

Appears to be forming a flag and respecting the channel trend lines. Looking for a bounce next week (and 2 weeks) into fib/resistance ranges. The lesser probability is for the channel to break down into area of previous breakout. Currently neutral and looking for a bounce into resistance for next short position.

tranthrax

Looks like a good area to go long to top of the channel.

tranthrax Updated 

Appears to be heading back into triangle - bearish unless it can gain momentum to break out. If not, looking to fall down fast.

tranthrax

Possible bearish close at 4.40 with targets of 4.04-4.06 and 3.87-3.89

tranthrax

Appears to be holding firm and creating a bullish pennant. Will need volume for bullish break above 4.75

tranthrax

Ending diagonal into E of ABCDE pattern. We are close to target 4.21-4.22. Possible bounce or break down from there. On watch.

tranthrax

Short to bottom of triangle and looking for bounce back up for possible break out.