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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Woody who wrote (54249)	1/29/2019 5:18:27 PM
From: Doug R	Read Replies (1) \| Respond to of 79450

Woody, TELL has a garden variety downtrend resistance line and a run-of-the-mill target line and an inverted head and shoulders breakout target...but no IL. The IHS target is 11.30 which agrees with the target line. The downtrend resistance might get in the way though. This target line is one step back from the one I first drew. It keys off the 12/24 start of the larger move instead of the move based on the trick.

To: Woody who wrote (54249)	1/29/2019 5:48:49 PM
From: Doug R	Respond to of 79450

Also, that first target line I drew is in agreement with the downtrend line. The one that's one step back also starts by keying off the low of the head of the IHS so it's not a surprise that it agrees with the IHS target. Nice to see that both target lines are parallel. It's going to be a tough call if/when the time comes to decide whether or not to take profit at the downtrend/1st target line.