Bearish Divergence at PCZ of Bearish Gartley
It may be time for IBM to fill the gap at $133.50 as it has hit the PCZ of a Bearish Gartley and is showing Bearish Divergence on the Stochastic RSI, MACD, and MFI.
Gap fills rarely act as support or resistance so if IBM fills the gap i'd expect it to go a little lower than $133.50 and perhaps drop down to $128 before attempting a rally.
Gap fills rarely act as support or resistance so if IBM fills the gap i'd expect it to go a little lower than $133.50 and perhaps drop down to $128 before attempting a rally.