PG has pulled back quite a bit after what looks to be a double top.
With top patterns, you can measure from the top to the support line of the structure, then project it downward from the support line to get a ballpark idea of where it may go.
Price is also below the bottom bollinger band set on an 80 moving average which can show extreme selling pressure.
There is also a falling wedge but price has no broken up and out of the falling wedge.
Not a recommendation
With top patterns, you can measure from the top to the support line of the structure, then project it downward from the support line to get a ballpark idea of where it may go.
Price is also below the bottom bollinger band set on an 80 moving average which can show extreme selling pressure.
There is also a falling wedge but price has no broken up and out of the falling wedge.
Not a recommendation
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.