BBY Channel/Triangles

29 de jul. de 2019

Channel on daily since about June 11 with a fake out to the down side. Potential Triangles forming (I'd like AT LEAST one more contact point on both the Purple and the Black to confirm triangle form, but it has potential. Right around where the Upper P/B triangle trend lines are has been weak the last 2 days. RSI is overbought and has been for a while. If these trend lines hold then we should see down side to at least the lower black TL which will be around 77 or high 76. At open it already reached around 77.05 before turning back. May not be much stopping a swift drop once all these time frames line up.