Neutral pattern until broken with a confirmed trend in that direction.
Prior Ugly Top and price is well below the neckline.
INTU has been below the support line of this triangle and popped back inside.
Struggling today and the daily candle turned from red to green while I was typing this.
Recent Pocket Pivots noted when price gets close or falls below the support line.
The Fed is speaking this afternoon about the interest rate hikes and inflation, so it is tough to figure out how the market will react.
Price is just above the .618 of the trend up.
Targets in green are for a break to the upside and targets below in orange are for a break to the downside. Sometimes we are lucky to shoot for T1 and the other targets kick in if the prior target is passed.
No recommendation.
“Hoping for the best, prepared for the worst, and unsurprised by anything in between.”
― Maya Angelou
Prior Ugly Top and price is well below the neckline.
INTU has been below the support line of this triangle and popped back inside.
Struggling today and the daily candle turned from red to green while I was typing this.
Recent Pocket Pivots noted when price gets close or falls below the support line.
The Fed is speaking this afternoon about the interest rate hikes and inflation, so it is tough to figure out how the market will react.
Price is just above the .618 of the trend up.
Targets in green are for a break to the upside and targets below in orange are for a break to the downside. Sometimes we are lucky to shoot for T1 and the other targets kick in if the prior target is passed.
No recommendation.
“Hoping for the best, prepared for the worst, and unsurprised by anything in between.”
― Maya Angelou