Here is this potential bearish ABCD looming over the market for some time already:
Unfortunately it can go much higher and still remain a Double Bottom ABCD, so the picture is rather unclear at the moment.
JI
jimkane
Rep: 3,058
Posts: 33,089
Oh, yeah.
90.50-91.50 a key area for them to come back in. Big clue for me.
90.50-91.50 a key area for them to come back in. Big clue for me.
JI
jimkane
Rep: 3,058
Posts: 33,089
Wow, is that sweet. Now let's see if they can bounce it from this 88 area. Very interesting they gave all that back.
JI
jimkane
Rep: 3,058
Posts: 33,089
They have no respect at all for anything. That LOD isn't that far away... I'm loving this. If all that 'congestion' on the left can't hold this...
ER
EricD
Rep: 63
Posts: 692
that larger abcd that formed at the .886,.30 maybe the inflextion point right now to send it down to the 70ish area.

