Schiff pitchfork shows BA consolidating in a triangle along the median line where the TLs of the 2 channels intersect. Breakout here and gap fill at 416 is likely. Break down and I think we see a measured move down to 320.
I'm looking for it to drift downwards but hover above the median line culminating w/ a news-related false breakdown at Z. Lots of bear traps at this TL over the years have preceded a run-up.
I'm looking for it to drift downwards but hover above the median line culminating w/ a news-related false breakdown at Z. Lots of bear traps at this TL over the years have preceded a run-up.
