A bullish triangle with major bearish implications which, for me, are being cancelled as it moves sideways up, building a strong support.
Komen:
Hey guys, look at the two blue arrows down and imagine you take those two arrows and put them one under the other.
495-297=198 and 463-352=111,
And sum both drops 111+198=309,
then you deduct 309 from the higher high 495-309=186
If this theory is true then the bear div is done because 186 was the double bottom just it was in two parts and we are going to the next level up, I mean this is really going up.
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495-297=198 and 463-352=111,
And sum both drops 111+198=309,
then you deduct 309 from the higher high 495-309=186
If this theory is true then the bear div is done because 186 was the double bottom just it was in two parts and we are going to the next level up, I mean this is really going up.