$FAS below 103 means bad news for financials
The daily AB=CD pattern started working last week with a nice reversal in the PRZ.
The stock is trading inside a small descending Triangle and we see sellers pressure pushing the price lower and lower inside the tight range.
Break of the Triangle will probably lead to the support zone (structure and trend line).
It will be a buying opportunity for the bulls among you.. I'm more interested in what goes on below 103.
Multiple bearish signs in the weekly and the daily chart. Monitor closely.
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The stock is trading inside a small descending Triangle and we see sellers pressure pushing the price lower and lower inside the tight range.
Break of the Triangle will probably lead to the support zone (structure and trend line).
It will be a buying opportunity for the bulls among you.. I'm more interested in what goes on below 103.
Multiple bearish signs in the weekly and the daily chart. Monitor closely.
Join the Market Zone and join the Elite Zone members for more trading ideas like this one.
www.themarketzone.net
