Herbicat

Herbicat

CGC coiled up for some time and had a fakeout breakout to the upside that failed. Continued down and breakout, backtested and has sustained the move down. Potential final target 33.75.

Herbicat

Only on BT.

Herbicat

Looks like that grabber is being formed.

Herbicat

Gas has put in a solid bottom and is near a breakout. I prefer to see a back test ( BT 0.07% ) that does not close below the break out line with a wick that plunges deeper to scar off the kids.

Herbicat

Nat Gas has put in a solid bottom and is near a breakout. I prefer to see a back test (BT) that does not close below the break out line with a wick that plunges deeper to scar off the kids.

Herbicat

The pattern has set up a short in a weak stock within a weakening industry group. Ideally we get a back test to 76.50 but since the hourly chart has a minor back test yesterday a short position here is now valid. I have taken a small position and will add if we get a back test on Friday September 7, 2018.