Friday, January 22, 2016

[ABX] update

At the backlink I provided the model below.



Essentially it looked like a breakout, if real, should do something like the red path.  Instead we got the real time snapshot below.  Declining double tops where the second peak hits the underside of a well established trend line are never good news folks.  ABX will need to gap up and out of that falling trend line in order to tell the herd that the reversal is real and it will need to do so quickly else we have the real risk of the blue path.  A break below the lower rail starts to scream "blue path!"

No comments:

Post a Comment

Hi and welcome to my blog. Comments have been enabled for anyone with a google account.

Twitter Delicious Facebook Digg Stumbleupon Favorites More