Mr. Softy peaked a year ago when the negative divergence blue lines spanked it down. From there, price has moved sideways along the 23.5 to 28.5 range. Price now sits on top of the 200 MA at 25.4 trying to hold this support. Note how price and the MA's are all lining out sideways moving forward. Note a possible descending triangle that may form over the next year with the 23-ish level as the base. This triangle, as well as the H&S now in play would both ultimately target 15. Simply sideways to sideways down moving forward. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.
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