pennant ready to break, page-45

Hi Paschal,
Great post you have summed it up very well.
However after yesterdays action I would have had expected it to break today but it did not.
The Doji Star candlestick was there plus the one up the day before but today it failed, Max is giving it till the 29th to break up I am almost certain after today it will break down tomorrow.
The daily inductors STT DMI have caught up with the weekly and monthly charts which are still saying over bought imo. The Bollingers on the daily chart are turning down along with the 7 day mav.
So now all 3 charts are saying overbought plus a spinning top candle on the weekly and daily are spook'n me for sure, I now rate this a 70/30 to fail imo.
It must open higher than today’s close to go higher if not you will see a very quick sell off in the morning, it will be the quick or the dead and very interesting imo.
Cheers Pete.