Canadian Tire (CTC:TSE) is currently tracing out a top OR a continuation pattern. I’m ready for both scenarios. Check out the monthly candle chart. A monthly candle close under 215 gives a target at 185. A monthly candle close above 245 gives a target at 275. Check out the monthly candle chart.

ctc_m

The 5 year weekly candle chart shows the noise below the breakdown line. Will this replay out again?

ctc_w

Nice consolidation rectangle breaking down on he 1 year daily candle chart.

ctc_d

The price action has reverted back to the current pattern after the flash move below the breakdown line. I reset my alerts and will wait to see if I’ll need to get an early tire change this year!