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Consolidating i4

Most pennants usually go in the opposite direction of the current trend or go sideways. Decreasing volume is another textbook characteristic of these patterns and is critical for confirmation.

After breaking a year long resistance at 60, we finally see a strong breakthrough.Our Word of the Year choice serves as a symbol of each year’s most meaningful events and lookup trends.It is an opportunity for us to reflect on the language and ideas that represented each year.The stock is in a consolidation period with ATR near a low and in a wedge formation.These factors combined make it likely that there is going to be an increase in volatility and a sharp move.

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Consolidating i4 introduction

Consolidating i4

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