A 4 dollar trade in $DK with break of neckline

Possible IHS

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DK is in an almost symmetrical IHS pattern.

As always...only becoming a valid pattern with a decisive break of neckline.

Resistance right now at Gann angle and showing negative divergens.Have to take both out.

Target: 29.50ish

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評論:

The negative divergens as shown at the bottom indicator did indeed play out. Neckline not broken but finding short term support at Gann Fan trendline. Next line in the defence will be around the 23.10/20ish handle - next Gann Fan line
Until then it's a non touch.

I't not game over for the pattern. Instrument still making higher hihgs and higher lows.