IBM crossroadsSimple setup for the future of IBM a little bit bullish biased with the potential destination of the last blue rectangle, but first some signs of another inflection maybe after a descent must occur, preferably at any of the elements in the snapshot which could become support or resistance regardless of the path the market takes. Probably needs good earnings report for such a scenario, although there could also be a last chance setup possible somewhere at the bottom white arc even if the Earnings disappoint or don't impress.
In a more bearish scenario for the short sellers a rebound from the slim white rectangle or break and retest of the bottom white curve could trigger the crossroad between the envisioned more bullish toned scenario and other potentials.