TAP is the ticker symbol for Molson-Coors. I think the recent panic buying likely finished WC5 of a rising expanding wedge. This model is not confirmed yet but I think it soon will be. First confirmation comes in the form of a breakdown back into the channel of the rising wedge as well as the larger rising expanding wedge. There could be a couple bucks upside before this reverses but these spikes which occur at the end of a wave count like this were meant to be sold. I think this one is all tapped out.
Sunday, September 20, 2015
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