Pennant formations one right after the other.... volume confirms. Also, 11/5 and 11/6 movements sames as 12/18 and 12/19?
Comentário
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I think now that it appears more clearly as a triangle from 10/25/17 to present with pinnacle about 1/5/18; volume confirms (higher to lower the farther into pattern we go... Friday's action appears we are close to the break on the downside, I called for intraday low of 10.18ish on Friday which was right at bottom side of triangle... and we got to 10.20... what do you think? I have a lot of puts....
I think now that it appears more clearly as a triangle from 10/25/17 to present with pinnacle about 1/5/18; volume confirms (higher to lower the farther into pattern we go... Friday's action appears we are close to the break on the downside, I called for intra-day low of 10.18ish on Friday which was right at bottom side of triangle... and we got to 10.20... what do you think? I have a lot of puts....
sebastiantx
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The high selling volume is concerning for sure
Hoeldon
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@sebastiantx, It will go through the roof if we break downside of the triangle... my humble opinion...
Dem456
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I noticed the same pattern on those dates as well, will probably head down again.
Hoeldon
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@Dem456, I think now that it appears more clearly as a triangle from 10/25/17 to present with pinnacle about 1/5/18; volume confirms... what do you think? I have a lot of puts....