Looks like another bear, a lot of bears and yet bears are dying. Patterns are getting stopped out too often lately.
The pattern gives a short signal when filled, again putting us with the trend.
With stops above X....
Short at 'D' with....
Target 1 - At .386 retracement of CD....
Target 2 - Look to play with the trend.
Note: Though the patterns have been failing lately, we should keep in mind that a lot of fundamentals have driven the market in the past two weeks.
The pattern gives a short signal when filled, again putting us with the trend.
With stops above X....
Short at 'D' with....
Target 1 - At .386 retracement of CD....
Target 2 - Look to play with the trend.
Note: Though the patterns have been failing lately, we should keep in mind that a lot of fundamentals have driven the market in the past two weeks.