IBM seems to be in a Gartley pattern.
The final leg pull to the .786 and is labeled as D. The retracement leg, called AB pulls to the .618 or very close. Peak 2 is lower than peak 1 in the crooked M unlike a Bullish shark or a Bullish Cypher where peak 2 is higher than peak 1.
The structure is labeled XABCD. Possible stop below D or where you see support.
No recommendation/Gap top overhead so resistance possible/red dashed line. Look left for the gap.
IBM has made it past the bottom of the gap which can now be support.
Look in the rearview mirror in multiple time frames and also good to lookup and down and all around (o:
The final leg pull to the .786 and is labeled as D. The retracement leg, called AB pulls to the .618 or very close. Peak 2 is lower than peak 1 in the crooked M unlike a Bullish shark or a Bullish Cypher where peak 2 is higher than peak 1.
The structure is labeled XABCD. Possible stop below D or where you see support.
No recommendation/Gap top overhead so resistance possible/red dashed line. Look left for the gap.
IBM has made it past the bottom of the gap which can now be support.
Look in the rearview mirror in multiple time frames and also good to lookup and down and all around (o: