IBM pattern failure …
11/2/2018 – ouch.
The area labeled ‘FAILURE OF PATTERN BELOW’ is one of those levels that ‘should’ have acted as extremely nice support for IBM. Guess the operative word is ‘should’ w/ regard to that last sentence. Take a look at that candle … boom. That folks, is what a pattern failure looks like.
so, if you look below, it’s now setting up for a support zone (dare I say BUY zone) in/around 88-89. I’ll do some more work on it over the weekend but the BUY PATTERN mentioned w/ @seeitmarket went the way of the buffalo.
certainly appears to be setting up for a nice one …