Learn This Bullish Pattern
You could call it ‘road kill’,
as it looks to be a case of the herd desperately wanting off this ride.
Personally, I’d rather call it ‘complete
Bull’–as in a Fibonacci pattern Bullish Butterfly.
13:01:27
Intraday/Daily Reversal Setup
Navistar (NAV)
is forming an intraday double bottom pattern off key pattern and Fibonacci
support levels on both the weekly and daily perspective. With the stock off
6.32 at 33.89, NAV has completed a Bullish Butterfly pattern using the Sept. 03′
lows as the pattern start. Session lows also fall into a weekly chart zone
between 32.90 – 33.85–consisting of two Fibonacci levels and a price projection
from its January highs.
All I can say is, ‘let’s turn this big rig
around, and keep on truckin’!!’
Chris Tyler