End of Microsoft Bull Run Reached
Updated
From Left to Right:
1. Horizontal Resistance off of Doji High.
2. Price falls to 200 EMA.
3. Trend-Based Fib Extension is drawn from Bullish Engulfing Pattern Low at 200 EMA to Doji High (confirming previous Doji resistance), and finally down to Bullish Engulfing Pattern.
4. Price broke out of the $340 horizontal resistance and hit Yearly Fibonacci Pivots targets R1 & R2.
5. Trend-Based Fib Extension targets 0.786 & 0.886 reached.
6. Monthly Fib Pivots targets R1 & R2 reached.
7. TD Sequential 9 Sell Signal.
1. Horizontal Resistance off of Doji High.
2. Price falls to 200 EMA.
3. Trend-Based Fib Extension is drawn from Bullish Engulfing Pattern Low at 200 EMA to Doji High (confirming previous Doji resistance), and finally down to Bullish Engulfing Pattern.
4. Price broke out of the $340 horizontal resistance and hit Yearly Fibonacci Pivots targets R1 & R2.
5. Trend-Based Fib Extension targets 0.786 & 0.886 reached.
6. Monthly Fib Pivots targets R1 & R2 reached.
7. TD Sequential 9 Sell Signal.
Comment
The monthly chart shows a TD Sequential 9 Sell signal as well. For some reason my Snapshots are blank so I'm unable to provide images.Comment
This pattern tracks on the S&P 500 (SPX) as well.Disclaimer
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