NAB 4.07% $36.50 national australia bank limited

Hi friends,Are you a watcher or student of chart...

  1. 1,268 Posts.
    Hi friends,

    Are you a watcher or student of chart patterns?



    Recently, NAB has a bearish pattern as marked in red, and on last Friday, it showed a developing Gartley Butterfly pattern which is bullish ( marked in blue ). The previous bearish pattern proved its "forecasting" characteristics when price fell from a high of $26.38 to its current intraday low of $23.98 Friday.

    Now that a bullish Gartley Butterfly is sighted, let's watch to see whether the bullish propensities of this pattern will propel prices higher shortly, shall we?

    Cheers

    dascore
 
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