Our previous update (Jan 21/2017) gave a couple of high probability possibilities to watch out for. Our first paragraph said: “An initial break of 2.3 offers potential opportunity for a drop to fill the first gap, with a another potential drop to the next blue s/r zone below”. This is pretty much what occurred. Initially the […]
TNX has recently broken from a long term weekly pattern (blue s/r, wedge pattern resistance) and we are currently watching the degree of pull back. There is potential for a drop back to the larger weekly pattern to retest the s/r that has been broken out of. An initial break of 2.3 offers potential opportunity […]
