INTU beat earnings as was expected.
Possible issues at the .886 of the W pattern.
This pattern can also go to the 1.113 on occasion.
Both the .886 and the 1.113 are marked.
Possible Bearish Bat/The Alternate Bat can hit the 1.113. but usually has a smaller retracement of the 2nd leg than this one did.
NO recommendation.
Candle right now is a Doji, a candle of indecision so who knows?
I like candles of indecision at a bottom. Not so much at resistance so I will wait and see how this plays out.
Possible issues at the .886 of the W pattern.
This pattern can also go to the 1.113 on occasion.
Both the .886 and the 1.113 are marked.
Possible Bearish Bat/The Alternate Bat can hit the 1.113. but usually has a smaller retracement of the 2nd leg than this one did.
NO recommendation.
Candle right now is a Doji, a candle of indecision so who knows?
I like candles of indecision at a bottom. Not so much at resistance so I will wait and see how this plays out.