yousufj56

yousufj56

Has respected the bear flag many times in the past. This is likely to fall into the high 9s.

yousufj56

I personally wouldn't take a long trade here; I wouldnt mind a short trade here. There have been no impulse moves to show desire to move this out of the downward channel. Pure consolidation. I believe a fake break will occur out of the downward channel that i've drawn; it will fail and will be brought back to downward fall. Fyi, to anyone reading my posts,...

yousufj56

Major bearish formations; Impulse down; upward consolidation pattern (rising wedge) Will likely fall down into the mid 70s