SYR Charts, page-1626

chart or feel?

I'm expecting a pivot low to print on Monday at around ~$1.13. If it prints another low on Tuesday, I'll start to think your 90c area is in scope, but if it prints a pivot low tomorrow, which is what I expect based on my methodology (which is backtested and works well), 5 closes outside of my bollinger band set to 0.382, and a pivot low on the 5th. Then the stage is set. It will retrace and maybe try to retest the pivot low. If it doesn't close below the pivot low, it is safe. To invalidate the pivot low it needs to breach the top edge of the bollinger band.

Also, notice the hidden divergence, Stochastic is well oversold and price has not followed to the same extent.

Never easy to stomach, but SYR is at a critical juncture.

It needs a weekly close within the arc, and preferably a bounce at the top edge of the bull flag to confirm a retest. Notice how the retest of the bull flag coincides with the edge of the arc?

If the symmetrical geometric arc is to hold, it suggests time has run out and we can expect sudden price moves to the upside.

Let's see how it unfolds.