Bull Channel in Stocks
As discussed in our reports yesterday, stocks got batted down from highs. This was highly likely due to the fact that there really wasn't a clear spike of momentum to take us up definitively to higher levels. Additionally, the bull wedge we thought we saw mutated into somewhat of a bull channel. If the pattern continues, we will see support at 3658, which is where the lower bounding trendline will meet a technical level. Recall that if we break down from this pattern, we could easily hit 3617 or 3584. This would be confirmed by selling pressure at 3658.
Join my discord at discord.io/quantguy
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.