DLTR was unable to break out above a high resistance level. The stock bounced at a short-term topping completion support level.
DLTR rose slightly above its prior All-Time High with a Shrinking Run Gain Pattern. The Long Black Reversal Candlestick Pattern is a common pattern for this type of weak run action.
The European Single Currency passed through the support level of the dominant pattern line at 1.3106. Moreover, the rate passed through the other two technical indicators to trade at the the1.2600 mark. In regards to the near-term future, most likely, the European Single Currency will continue depreciating against the US Dollar to the weekly S2 at 1.1229....
In the next few months the price of Dollar Tree DLTR stocks could rise by about 9% following the Bulkowski's "Big W" pattern. Target is around 94. Stop at 74. Let me know what you think in the comments. Hit like to share this with more people.