here's SSN... now couldn't for the life of me setup any forks that framed the action, but found a killer action/reaction setup based on the big red multipivot line...
red is the centre line - see how perfectly the SP backtested the 1st reaction line to its right, after it busted out of it... expect resistance when SP gets to next action line to the right
marked off the bottom of your two high volume bars in the past, expect resistance there
41 ema and 195 ema are essentially co-extensive, they've squeezed together, suggesting a change in trend is on the cards IMO. SP is below both of them - the area of those two EMA's are your immediate concern as resistance... if it can get above them in any consistent fashion, that's pretty much your trend change IMO and the 41 ema will pull up and away from the 195
havn't included any indicators, they're not really indicative of anything, fairly ambiguous
you can probably see the last few weeks of action look a bit like a triangle, but if it was valid it would've broken by now - a good triangle breaks generally no later than 2/3 of the way through
the arrow is your short-term uptrend support
61.8 fib from highs to low of basing pattern before runup to highs coincides with the ema's - perhaps, if SSN breaks upwards, a trip to the 50 fib above, which coincides with the first horizontal supply line
or if it falls over, could find support on the reaction line it just busted out of... its definitely sitting right under strong resistance right now
nice when a few things line up like the fibs, supply line, and emas - makes the approach simple and clean IMO
