We currently are chugging up the tracks in an ascending wedge pattern between the two red lines. Our last drop from 166 was a doozy so brace yourselves for our next attempt at breaking through the major downtrend resistance line in green. I'm thinking we get one more roller coaster drop from around 157 before we hit the launchpad of converging green lines and breakout to the upside so we can once again kiss the sky.
Commento:
There is always the head and shoulders pattern that could break down at any moment, so keep your eyes on the lower red line of support.
Commento:
Ok, we broke down on the head and shoulders, but we are still at the neckline. Should be interesting.
Commento:
still in limbo, consolidating
Commento:
SNAP! Just broke downtrend resistance. Should be interesting.
Commento:
resistance turned support on green line. BOOM