The algos have painted a beautiful picture with these candles. I took the ratio of ULTA and TGT and I highlighted the areas that I think correspond in each structure. If this trend line does not break to the upside then I would like to see a steeper move than the previous impulse down.
Comment:
ULTA/DE triple top likely. Looking for ulta to accelerate downwards or a spike in DE, which doesnt look probable:
