Back Into The Pattern

The insert at left, shows CrowdStrike (CRWD), on a monthly scale.

The month of June posted a ‘throw-over’ out of the terminating wedge pattern.

The month of July (so far) has posted a return back into that pattern.

The coming week may see an attempt to rally. If so and depending on price action, the risk on a short position may be reduced (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279