Then next minor cycles are May 3 rd and 7 th , with the seventh having a stronger probability. These are not very far apart and are therefor not very useful by themselves but taken into context with time and angles, can be very useful. Also 180 up is 3258. Conclusion-Obviously, this is a tough call here. It is easier now with a profit banked at higher prices than if all options were still being held.
Price is into obvious resistance and the weekly charts have a significant loss of momentum.
Obviously, analyzing twenty to thirty key stocks would be helpful now. Our dilemma due to the lower high nature of the sideways pattern, an established lower high now could have very bearish connotations. Even moving above the last swing high or below the last swing low does not represent strong probabilities. If the low is broken, then the next few days would tell the story, but it presents unusual risk chasing that break for a short side entry. Breaking that low would also make a poor protective stop if one were trying to hold a position to stay with the trend.