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What Would You Do? Technical Quiz

ByChris Kimble
Published 01/27/2014, 10:06 AM
Relative Momentum
What would you do here? Remember, a quiz is all about the "pattern at hand first and foremost." I hope that the quiz can shed a perspective on a pattern you haven't seen, without focusing on the asset itself or fundamental conditions.

A strong rally has taken this asset back to its 2010 highs along with another resistance line. At the same time, momentum is reaching overbought levels, not seen since the 2008 highs.

So What would the "pattern message" be if this asset were to create a bearish wick at this resistance? What would you do?

I'll post the answer this Thursday.
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