BBY appears to have a rounded bottom but did not break the high of the left side of the pattern successfully. I do not see a "pointy" W in the rounded bottom, but the cup pattern has failed so far.
Rising wedges a long the way and Price has broken the support line of the 1st wedge. There is another wedge lower but it is not valid as it is not broken, yet.
Rising wedges cause an over-supply issue at that level. I guess folks just get a bit too excited sometimes. (o: )o:
A chart is just an x-ray of supply and demand.
No recommendation.
Short interest is around 4.5%
Rising wedges a long the way and Price has broken the support line of the 1st wedge. There is another wedge lower but it is not valid as it is not broken, yet.
Rising wedges cause an over-supply issue at that level. I guess folks just get a bit too excited sometimes. (o: )o:
A chart is just an x-ray of supply and demand.
No recommendation.
Short interest is around 4.5%