Falling from Rising Wedge Gap below
BBY had quite a run
Did not hit target of prior C&H but has been in a rising wedge for a long time.
Rising wedges are long term patterns but in the end are bearish
It has broken bottom trend ling of the rising wedge and there is an unfilled gap below which may possibly provide support. Top of gap at 95.5ish but can simply dip in to the gap in with the tail of a candle, rebound at the gap, go lower, or never get there. Just a spot to watch is all
Break out from C&H was approximately at 92.5 and cup bottom is 48.11. So 92.5-48.11= would be 100% target of the C&H pattern. Unfortunately the rising wedge and possible market conditions may cause a fairly deep pull back
Not a recommendation...just watching
Did not hit target of prior C&H but has been in a rising wedge for a long time.
Rising wedges are long term patterns but in the end are bearish
It has broken bottom trend ling of the rising wedge and there is an unfilled gap below which may possibly provide support. Top of gap at 95.5ish but can simply dip in to the gap in with the tail of a candle, rebound at the gap, go lower, or never get there. Just a spot to watch is all
Break out from C&H was approximately at 92.5 and cup bottom is 48.11. So 92.5-48.11= would be 100% target of the C&H pattern. Unfortunately the rising wedge and possible market conditions may cause a fairly deep pull back
Not a recommendation...just watching
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