CSCO follow up and important level …

last post on CSCO: https://bartscharts.com/2016/03/14/go-ahead-and-hate-csco-appears-ready-to-breakout-and-outperform/ was 5 years ago. crazy how time flies.

checking in on CSCO we are at a VERY important point as CSCO is showing the completion of a near perfect SELL SIGNAL but due to thrust, if the pattern works, would wait for a signal reversal candle below 50.

if the pattern fails then, it’s quite possible that we have begun the parabolic leg up the opposite side of the mirror image foldback. it sure has tome thrust fueling its rise so this pattern is REALLY important for the Bulls/Bears.

also, one last, if you take your AB as the all time low to the all time high and then project .618 that length from 8 dollars you smack right into the last high in/around 58.

the 50’s … appear really important for CSCO

tomorrow is either a “gap and gone” higher or a “big stiff wall of resistance” for any further advance ….

Bart

this is the current daily sell pattern “before” the market opens tomorrow on 03/29/21