Loading ...WTIC, Hey Eagle…..
Looks like technicals against fundamentals again.
I know this looks unrealistic but it is a text book Wolfe wave, the dashed trend is a duplicate of the bottom rail so when it is placed on the top of point 3 it gives the optimal entry point, the wave is triggered when price drops below the top trend line. PO under $27
Bullish Wolfe wave setting up in SCO
Well, this scenario would catch most off guard. I mean, EVERYONE UNDER THE SUN, has been watching the IHS…As I stated earlier, the daily was a bearish shooting star candle. Per Bulkowksi, only effective 59% of time–http://www.thepatternsite.com/ShootingStar.html.
This will be interesting…