IBM - GET READY FOR BULLISH REVERSAL TREND
Based on IBM chart, the stock should have done its wave WXY correction.
Prices in wave Y phase are consolidated within the expanding diagonal (A)(B)(C)(D)(E) pattern though there is spike of price earlier with false breakout. But prices are later further corrected to about 61.8% FIBO level.
Further breakout from the diagonal pattern will trigger buy signal and likely further confirms of reversal uptrend movement.
Happy trading!
Prices in wave Y phase are consolidated within the expanding diagonal (A)(B)(C)(D)(E) pattern though there is spike of price earlier with false breakout. But prices are later further corrected to about 61.8% FIBO level.
Further breakout from the diagonal pattern will trigger buy signal and likely further confirms of reversal uptrend movement.
Happy trading!
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.