Last post on the banks: https://bartscharts.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!
