Possible stop below C.
ABC is a corrective, or a pull back pattern. A retest of C occurs frequently and if price goes too far below C, then often best to stay out. C often occurs between the .786 and .618 of the AB leg. Targets are calculated using the AB leg and fib levels. The target is D.
Looks like earnings were received well.
No recommendation
ABC is a corrective, or a pull back pattern. A retest of C occurs frequently and if price goes too far below C, then often best to stay out. C often occurs between the .786 and .618 of the AB leg. Targets are calculated using the AB leg and fib levels. The target is D.
Looks like earnings were received well.
No recommendation
Kommentera:
LONG entry level is 83.50. Ignore the Long entry level of 73.30 as that was for the double bottom pattern/sorry