Thu. Nov 21st, 2024

3 weeks ago, I had a look at the bbry charts and see what was up. Check out this previous post.

Here is a small update. The monthly candle chart is still in an ascending triangle formation.

bbry_m

The weekly candle chart shows the lower ascending trend line getting close to being tested again.

bbry_w

The detail on the daily candle chart shows a tight range closing in on that support line.

bbry_d

Remember, the longer the breakout line is tested, the more the sellers are drying up. Same is true for a tested support line, the buyers are dried up and the level breaks.

The more time this takes to break, the stronger the push will be in that direction. Patience required.