If you showed skilled chartists the graph below without the symbol and asked their opinion, I imagine the vast majority of them would be hopping-up-and-down bullish. It has a beautiful saucer formation, a clean break, a surge on gigantic volume, and a very clean pullback to an attractive entry price.
Of course, you know as well as I do that the chart in question is the triple-bearish-on-financials FAZ, loved by FAZholes the world over. I'm not saying it's a buy……..but it sure is an interesting chart.
