To the Trash Bin ! ( TSX: BIN)

BIN gartleyHere is a classic Gartley setup, that if you had followed it, would have saved your day…..

Progressive Waste Solutions is in the garbage biz. Not sure what caused the big plunge lately, but the markets sure are unhappy.
In the embedded image, I have applied the Gartley construct to the daily chart. Note what happened as point D approached in time. Price had deviated from the parallelogram. But, in a blinding flash, price suddenly corrected pulling price down towards the paralleogram as point D arrived.

I will leave it to you to ponder this event.

Humbling, I say…..


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