Without DOWs impact, I still believe the previous Pennant Formation could have held well and were very likely to converge at low-mid 50s. However under unexpected downturn of DOW, we saw a Falling Wedge pattern (FW) after KTD's dip to mid 40s. In theory FW is a reversal pattern against the downtrend, so we saw an immediate uptrend bounce and KTD finished in Green!
KTD chart, page-542
-
- There are more pages in this discussion • 353 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
