Caterpillar Breaks out of wedge
The breakout distance usually follows the width of the intial wedge entry which was 19%.
First target is 217 which at that point there's usually a pullback with this pattern (See my IBM link).
Second and final target 233.84 which represents a full pattern play out. Momentum could carry this further in ATH highs
All targets are Fibonacci resistance using June 4th high and Oct 13th low
First target is 217 which at that point there's usually a pullback with this pattern (See my IBM link).
Second and final target 233.84 which represents a full pattern play out. Momentum could carry this further in ATH highs
All targets are Fibonacci resistance using June 4th high and Oct 13th low
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