CENX - Looks to be coming out of base and headed higher
CENX has built a nice base, and appears ready
to move up. (Those familiar with DeVilliers/Taylor
might see this as a large fulcrum (with a smaller
continuation fulcrum) following). I've highlighted
a few pattern setups within this basing structure.
I've included vertical measures for prospective
targets. I apply the 3 times measure of the
"count" column, with the 2/3rds ("2" fib) for
reference. Dorsey suggests this for downward
targets, but I find them of value in both up/down
moves.
This is not buy/sell advice, but rather what I see
looking back and forward.
to move up. (Those familiar with DeVilliers/Taylor
might see this as a large fulcrum (with a smaller
continuation fulcrum) following). I've highlighted
a few pattern setups within this basing structure.
I've included vertical measures for prospective
targets. I apply the 3 times measure of the
"count" column, with the 2/3rds ("2" fib) for
reference. Dorsey suggests this for downward
targets, but I find them of value in both up/down
moves.
This is not buy/sell advice, but rather what I see
looking back and forward.