The third shoulder is extremely unusual but when it does happen as is the case here, it foretells of rapid price appreciation and in our case since it is slightly higher than the second shoulder it means solid gains.
The Head with Three Shoulders pattern has now slightly changed. The Head has developed a pointed nose which is very positive indicating that not only short term $30.00 but even $40.00 is very possible.
The calm before the storm. This is the prelude before the major rally. OFG reports after the bell and FBP before the bell on 7-24-2013. Launch of the major rally starts when Doral surpasses todays high.
A new solid floor of support will then be put in for the on coming major rally.