CLICK ON CHART TO ENLARGE
Give me a few seconds and stare into the center of the pattern in the upper left. See all kinds of patterns? These repeating patterns in the Sunflower continue to influence the markets over the past few months and past few years.
The 8%+ trading range continues to be impacted by Fibonacci support and resistance levels. A series of higher lows has taken place at these Fib numbers along line (1).
The sideways channel is going to break sometime… in your opinion will more people be surprised by a breakout or breakdown? Where do sentiment readings stand right now? Key to this pattern…the majority is soon to be surprised!!!