Updated. Now in play is a SHARK. I believe if the 2nd PRZ is met, the PEACH pattern will be in play. Notes on chart.
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claydoctor
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like the green shark to complete. if we close below 2040, what do you think happens next? Thanks for the charts. :)
KLang
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If the Shark only hits the 1st PRZ - we are still in the same range. If it goes to the 2nd, there could be a big change. That's where you have to ask: will people panic and throw in the towel here? Will there be a false break down? I'll be looking for other patterns to see what develops. I would guess the PEACH patter will complete. But this is a tricky market - making BIG STATEMENTS is futile.