Banks – March 26, 2023

Last post on the banks: https://atomic-temporary-44460632.wpcomstaging.com/2023/03/13/banks-march-13-2023-updated/

Folks … can’t objectively say what “it” is but something is afoot at the circle K …

Whatever it is or isn’t we do have a pretty good line in the sand.

The chart above is “log scale” … take a look at:

• Measured move PERCENTAGE CORRECTION (red arrow)
• Percentage ABCD (blue arrows)
• Trend line
• Multiple ratios …

Let’s call that level our line in sand. If we take the chart and make it “normal” scaling that level is important and maybe a little lower. Watch that .786 retracement level!