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PCLN continuing to monitor and update as an FYI it hit the top of the circle!
Posted on August 18, 2017 Leave a Comment
08/18/2017 – been a long time since we looked at PCLN. Frankly, when a pattern like the one at 1600 fails, it’s just time to step aside. so, today, I took a peak at the first big move down and the eye was drawn to the radius. so, in the world I live … it […]
PCLN continuing to monitor and update
Posted on January 21, 2017 Leave a Comment
1/21/2016 – continuing to update. note, didn’t go down and complete the pattern. Support held at 1459. where are we now … we have 3 ratio’s coming together at current levels but could go up to 1560 or 1570… monitor the 1528 and 1515 level closely as DAILY closes below those levels could spell trouble. […]
$PCLN update 11/12/2016 and now updated again for 12/30/2016
Posted on December 30, 2016 Leave a Comment
12/30/2016 – PCLN seeking to fill gaps? note the first target is the ‘basic’ ab=cd at 1431. also, read below … the 1600 level was the convergence of 5 major patterns. 11/12/2016 – well PLCN went up and hit the level shown below. Folks that’s 5 monthly patterns on PCLN. IT SHOULD BE MONSTEROUS […]
$PCLN update 11/12/2016
Posted on November 12, 2016 Leave a Comment
11/12/2016 – well PLCN went up and hit the level shown below. Folks that’s 5 monthly patterns on PCLN. IT SHOULD BE MONSTEROUS RESISTANCE for PCLN to go higher. As always, patterns do fail and they do work so it’s all probability. Also, when we go down to the daily time frame NOTE the perfect […]
$PCLN update 10/9/2016
Posted on October 9, 2016 Leave a Comment
10/9/2016 PCLN found support on the “polarity” from the IPO and, essentially, negated the mirror image foldback pattern discussed below. What now? If you take a look at the long term chart, again, you’ll see some powerful sell patterns all coming together. as for right now, appears we are in no mans land w/ no […]
$PCLN update 2/1/16
Posted on February 1, 2016 Leave a Comment
02/01/2016 as you can see below, the light blue trend line below was taken out. now we are approaching major support as shown by the polarity principle. some bid thrust/candles going into this level so this will be a key test in the coming days/weeks. if we lose this level, then expect 1.27 level […]
$PCLN update 12/20
Posted on December 20, 2015 Leave a Comment
12/20/2015: update to PCLN. one can see that this has been an amazing rocket ship. one can also see below that I was “seeing” a top coming in and tried the mirror image foldback, which from a price perspective DID NOT work. then, you can see that I was “seeing” a butterfly pattern and […]
$PCLN sell pattern complete – FAILED PATTERN
Posted on November 4, 2015 Leave a Comment
Folks, this mirror image got smoked. Much like the mirror image for Natural Gas … the mirror images fail at the inflection points and $PCLN has rolled thru the pattern. ERASE … ERASE…ERASE. Where are we now? Well, if we look at the candles you’ll see the 2nd largest monthly candle since the IPO occurred […]
$PCLN sell pattern complete
Posted on October 20, 2015 Leave a Comment
IF the mirror image foldback is in play THEN this pattern needs to hold and start down. a move below 1360 would bolster conviction that the mirror image mentioned earlier is in play.
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