TCEL Alert: Stating the obvious, a Bearish reversa
Post# of 776
Posted On: 07/23/2014 1:17:52 PM
TCEL Alert: Stating the obvious, a Bearish reversal pattern is forming today.........right now it's Bearish Dark Cloud Cover.......it could turn into a Bearish Engulfing pattern..........regardless of the technicalities the pattern is extremely bearish on very large volume after a very big run.......the key now is to wait for the Bullish reversal pattern to start to form........should get at least a nice bounce play after the 1st big drop..........after that it may consolidate if it doesn't fib retrace, break resistance & make a new high.............I will look at some charts tonight on multiple time frames and will post what I find..........as long as the money is flowing TCEL should remain in play.......if then money flow stops, so will the mono and consolidation will follow...........always follow the money........in & out of the trade.............$$$
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