This would be an incredibly huge discount in my opinion. Entries in the buy zone might be a good idea if this is below your cost basis. Low probability, highly conservative play.
Understanding Corrective Waves - Part II - Triangles and Trading Setups Trading Setups for different corrective structures.
Understanding Corrective Waves - Part II - Triangles and Trading Setups Diagonal triangles.
Understanding Corrective Waves - Part II - Triangles and Trading Setups Horizontal Triangles
Understanding Corrective Waves - Part II - Triangles and Trading Setups Chart 01
#support/resistance is clear on this chart of $IYZ STUDY