TSCO - Don't back up the trailer just yet...

2023년 7월 12일

Quarterly candle was a bearish engulfing, suggesting lower prices for this quarter. Other indicators also suggest one more push down is needed to complete this wave 4 correction/flat. Although the recent moves off the lows can be seen as motive, there is not a clean impulsive structure that really fits what the candles are saying on larger time frames. Last week was a bearish engulfing candle and something tells me this week will morph into a doji that will create a bearish harami combo, adding more fuel to this thesis. GLTA!