Monday, August 29, 2016
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
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Pressure Breaks the Weak, or Forms the Diamond

Here is a quick update from this post a few weeks back noting the bottoming patterns in the beaten-down steel and coal sectors.

The weekly chart for the coal sector is most intriguing with its strong push this week out of the diamond bottom formation. The pattern spanned over six months and I would expect a huge measured move higher if confirmed.

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3 comments

  1. Pirate Smile

    What would you like to see as confirmation.

  2. Pirate Smile

    Thx Chess.