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optimizedtrading

Short term ABT bearish

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Abbott Laboratories (BATS:ABT)  
optimizedtrading  
BATS:ABT   Abbott Laboratories
Chart Patterns Trend Analysis Wave Analysis signals sellsignal ABT Stocks setup breakout
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chartpattern trendanalysis waveanalysis signals sellsignal abt stocks setup breakout
ABT Has formed a bearish impulse with a healthy correction and a lower degree impulse with a lower degree correction that is breaking out of the larger degree trend line!
This is great confirmation of a trend continuation setup.
Since the retracement is deep though, 78.6%, the trend continuation impulse could be short lived and reverse, or continue down side.
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