Or is it time yet?
FDX had a very steep rise and it appears some of the folks are getting off the boat..Looks to be forming a megaphone pattern. MP patterns tend to reverse price swings after 5 swings within the pattern. They usually either break up or break down. It is a broadening wedge formation. May be another swing up but only time will tell.
I am afraid of heights, so not getting on up here
Neutral
FDX had a very steep rise and it appears some of the folks are getting off the boat..Looks to be forming a megaphone pattern. MP patterns tend to reverse price swings after 5 swings within the pattern. They usually either break up or break down. It is a broadening wedge formation. May be another swing up but only time will tell.
I am afraid of heights, so not getting on up here
Neutral