ULTA on a clearly down trend channel and waiting to breakdown the inside channel as it shown on yellow box for short
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Dow Theory
secondary trends last from three weeks to three months >
the up trend in blue channel lasting more than 2 months + crossing EMA 200
so it is potential to be the new primary trend for ULTA
ULTA Looking PULL now , waiting for confirmation
secondary trends last from three weeks to three months >
the up trend in blue channel lasting more than 2 months + crossing EMA 200
so it is potential to be the new primary trend for ULTA
ULTA Looking PULL now , waiting for confirmation
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could be pattern?!
could be pattern?!
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Perfect