12.5.17 | C | 30min | Andrew Aponas
Updated
Journal Entry: I made a quick idea for the intraday time frame on C. It looks like price began trading in an upward moving channel after breaking through the price ceiling which has now become a price floor. The volume is declining and the anomaly that occurred I think was an indication of stopping volume; the insiders are keeping the market propped up at this level. Price pivoted off the old ceiling and confirmed it to be a new price floor this is where I am estimating a potential triangle consolidation pattern may be forming. Although this chart pattern is early and speculation it may indicate a bullish breakout back to the range/resistance of the upward moving channel. Thank You, God Bless.
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