Symmetrical triangle forming in AI with declining RSI, MACD and W%R.
Pattern is nearing 75% complete which is a later bound on an ideal exit from the pattern. (50% - 75%)
Watch for exit from pattern on volume and maybe a few days of confirmation.
Supposedly 75% of the time this is a continuation pattern, but play what you see.
Williams %R crossing up with bullish MACD crossover and bottoming in RSI. Similar candle pattern to previous dips where bottom is set by two long opposite candles followed by a retest.
Pattern will continue for a few weeks.
$ARNA's gotten a reputation as being pretty respectful of its channel boundaries and it has two well defined pivot points on high and low to watch.
Without a news event to trigger a major move, it could continue to bounce back and forth in here.
Remember though that long term this company is heavily investing in 1 specific drug/area and is pushed by the...
