Thursday, June 15, 2017

[CBDS] update

In the backlink I provided the model below.

Current actual is below.  It reached into the lower edge of my circle above before the buyers stepped in.  Now it is contemplating whether to break out in an inverted head and shoulders or not. 

Because of the shape of the chart since the bottom, beware the small breakout above the neckline followed by a break back down below it (i.e. the H+S head fake).  I have been seeing a number of these of late. 

If this does not break out that neckline and stay broken out very soon it could experience a lower low down to as low as $1.67 before finding a bid.

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