Monsanto Company (MON): Can You See a Pattern?

SUMMARY

Here is the chart for Monsanto Company (MON). Within the blue circle zone, can you discern a pattern? MON has clearly put in a five wave impulse (blue) and now its correcting. This correction is taking quite a bit of time! What type of pattern allows the correction to be extended in time and price?

Here is a bullish ascending right triangle pattern. It fits very nicely into the current correction mode. The red ABCDE also shows that a decline is likely towards the red E before an all time new highs generating bull trend reversal! Look at the MACD! It too is shaping out an ascending right triangle! When MACD pattern matches price pattern, it's special! Would you be a buyer or a seller once price hits wave E?

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