$CCL Continues to Look Very Grave

As noted here, $CCL is in a very bearish configuration. It is in a large, multi-month bear wedge, and also in a smaller local one. It looks to have completed a triangle which we normally would interpret as a “B” wave connecting the two legs of a correction. The measured move for the second leg is noted below. Above $25 would cast doubt on this interpretation.


[UPDATE]: I have reversed this call in this newer post here. Filing this under “Cancelled.”

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