APA ready to roll over and crash here in tandem with USOIL.
2 ascending channels here with PA rising out longer term wedge to form a narrow and corrective ascending channel.
The channel has already broken to the downside to fall back into the larger ascending channel which will most likely also break to the downside.
Could be with impulse and a probable gap down to start the week.
RSI falling into lower quadrant also revealing bearish impetus.
Not advice.
2 ascending channels here with PA rising out longer term wedge to form a narrow and corrective ascending channel.
The channel has already broken to the downside to fall back into the larger ascending channel which will most likely also break to the downside.
Could be with impulse and a probable gap down to start the week.
RSI falling into lower quadrant also revealing bearish impetus.
Not advice.
Kommentera:
Massive gap down and then long legged hammer forms a shakeout pattern through the lower trendline of the lower ascending channel. It may move correctively while USOIL cliff walks, but sooner or later its going to fall again.
Kommentera:
Press play and see APA is back in the ascending wedge following an upward shakeout pattern. It could have a flurry to finish however its almost at the apex. Not long now before APA falls I think.
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