Two throwbacks to the down sloping trend line that we broke out of on Wednesday. We could certainly be in a bounce-able level here. Basically a 50% retracement at a decent support level.
Would certainly look to buy for a bounce if we see $129.84 price as it coincides with the original up-sloping trendline and the projected measured move out of the H & S pattern that recently set up. I would have to think anything lower, down to $129.50 should draw in strong buying interest.
A 3d long entry was setting up on the close today. Curious to see what comes of it, however, it wasn't quite ready on the faster time frame. Also, there's a higher low (nearly double-bottom) seed wave going into the close, so there's that.
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