Handle low is dangerously close to Mid cup level of 59.20.
If the handle low dips below mid cup the pattern is invalidated.
TW has tried without success to break the previous high of 69.06 and has pulled back.
No rising wedges in the yearly chart and NV as well as OBV are high
Not a recommendation
Trade safely (o:
If the handle low dips below mid cup the pattern is invalidated.
TW has tried without success to break the previous high of 69.06 and has pulled back.
No rising wedges in the yearly chart and NV as well as OBV are high
Not a recommendation
Trade safely (o:
Comment:
I think this one may struggle here and there with the R overhead, but I do think it will make it to the targets. There are folks up there who bought high and this one has pulled back quite a bit considering. They will sell on every rally trying to get out of pain. IE if someone bought this at 67 or 68, they have had to watch this go straight down for a few weeks..ouch!! But when I look at all the red on the pull back, it makes me think there are not a whole lot of sellers left..but who knows