50% retracement, page-6

Nana you will never go broke jumping in and out of this one it has always had the potential to be very volatile.

In trying to be proactive I have drawn in an ascending triangle which I see as a possibility over the next week or 2.

We have the top confirmed with 2 peaks just need minimum of one more point on the lower edge to anchor the actual side.

These are usually positive with breaks equal to the base.
It should take another week to form and if it does break up they tend to break in the last 1/3rd of its formation.

Gap 1 is closed and the bounce off the 50% is a sign of strength.
MOL is also flirting with the rising trigger from the pink fork. Volatile area on any stock and breaking this convincingly will be very significant. We tested it on the first rise showing it is not that much in the way of resistance. They usually do cause SPs to pause.