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Z-obee Potential Inverted Cup and Handle Formation
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pharoah88
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21-May-2010 16:44
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tact888
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21-May-2010 08:53
Yells: "Learn a life-changing skill and empower yourself. tactcharts" |
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Immediate support at 44 is critical trigger that will confirm the bearish cup and handle pattern. A breakdown below this major support will probably result in an initial drop to the 40 support level. Further weakness will fulfill a measured move projection as indicated by the red arrows and will see a test of 34 support. Stay alert and be nimble as market continues its wild volatility swings. View chart at http://tactcharts.blogspot.com/2010/05/z-obee-potential-inverted-cup-and.html |
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