The breakout from the contracting triangle has stalled at 949. However, yesterday did produce an uptrending price bar and I think that indicates that the current run (from the 5/28 low) will continue into next week after a pullback. The uptrending price bar just mentioned was number eight of a possible TD Sequential “sell”.
Technical Analysis of the financial markets using Elliott Wave, Gann, Fibonacci, cycles and momentum indicators. Posted information is for educational purposes only and not a recommendation to buy or sell any stock. This site is dedicated to the study of technical analysis.
Wednesday, 3 June 2009
Pullback at Hand?
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