The blue lines on the candlestick portion of the chart describe the triangle I referenced (its height was determined in May). With patterns, the general trading rule is that the underlying stock (BHC in this case) will continue to move in the direction of the breakout of the pattern by an amount equal to the height of the pattern. For this latest pattern, the height is about $5.50 (a vertical line at the beginning of June which is not drawn but could be imagined). For BHC, historical odds say it's most likely to break lower out of that pattern and do that when it reaches $26 (its longer term reversal level). And it is not likely to move down by an amount equal to the height of the triangle pattern, as it is most likely to move down to $23 (the lower extreme of a much longer term horizontal channel pattern).
The larger pattern for BHC is a horizontal channel between $23-ish and $26-ish. Trade the patterns and you'll do well.
The Indicator, TMF(10), below the price pattern is Twiggs Money Flow. I like it better than other money flow indicators because of the way it is calculated, and using it (rising yellow lines on TMF) to determine when you enter a long-stock trade will give you a better chance at making money. However, for BHC I recommend not using TMF(10) to determine when to leave a trade (because of the time delay built into all indicators); instead, leave the (Long stock) trade when price touches the top of the horizontal channel (the horizontal blue line in the image below, at $26, coincides with the top of the long-term horizontal channel, and the bottom of that channel is at $23, as I stated in the previous paragraph).
BHC is not likely to trade above $26 because of its very high debt.
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