Banks – March 26, 2023

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!

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

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