ABX updated … wow
04/11/2016 update: ABX gap up today was impressive. this puppy is on a tear ever since it closed at the low of 6.18. HA … pretty cool.
going back in time, here was the set-up.
So, again, PATTERNS fail and PATTERNS work and it’s all about managing the risk. NOTE – it went below the “actual” pattern by 60 cents or so but “ultimately” close right at 6.18 (.618) It’s a Friday and, frankly, I’m too tired to figure out “why” it stopped where it did … but, trust me, there is a reason.
have a good weekend …
PS — note, looks like a we are in a 3rd of a 3rd so a pullback “could be coming … believe 18-20 dollars is a very nice target to shoot for. Will watch over the coming weeks.