YEARLY potential 2-1-2Down with potential simultaneous triggers on Q/Monthly
Ticker currently Inside on all higher timeframes
Yearly
- Trigger Down $51.45
- Retest $85.93 $69.35
- Currently bouncing off the Yearly .50 so the .618 is critical to watch
- Yearly price targets $47.46 $37.28
- This ticker already tested the yearly trigger last year, so if this ticker triggers M/Q/6 then we are certain to be heading down.
6 Month
- Beautiful potential reversal pattern with a potential 1-2-2
- Currently heading for retest of the last 6m candle and fill wick.
- This is the most crucial timeframe to watch this on because if price builds above $73.37 then all is invalidated and we have another potential 2U on the year.
Quarterly
- Currently inside and pushing to retest.
- Pay attention to the BF line, price could push above those levels and wick the BF as well.
Monthly
- Here is the interesting part about this ticker, we are currently at retest on the month however we are still inside, so its anyones ball game.
- Although we anticipating 6M/Q retest, it can pull a MSFT here and just reject and trigger down. So its best to eye this ticker on the weekly and look for reversal bearish patterns.
- You don't have to watch or stalk it, just place it in a watch list and casual check it at the end of each week.
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Also something to keep in mind, it may very well ride this trend line down once it rejects and gets going.