Aon is bearish; repeated hits near support indicate it is trying to go lower, with a likely breakdown bounce and retrace expected.

Next up, we've got Aon on the other side of the spectrum, too. Much like Take-Two, dropping today, guys. Dropping 9.53% decent decline breaking from this failed attempt to get into the top 50% of this parallel.

Now, if I rewind the clock, you can see this parallel extends all the way back here to the lows in 2020. Now, the one thing that's a little troubling here for Aon, notice all of this consolidation that occurred.

All of this bearish consolidation, mainly for this year, February all the way up until June. Had that attempt, got rejected. Now, we find ourselves back in this consolidation and we're doing so not that far away from the last time we hit, considering the previous time we hit was in 2020.

So, this repeated hit in near time frames tell is telling me Aon is trying to go lower. If and when we break this parallel at 315.81, next stop is at $299 and you know what could happen at that point.

Have a very nice breakdown, catch support, bounce and and retrace to the broken end of that parallel channel.

It's the inverse of our breakout retrace bounce. It's our breakdown bounce to the retrace location of the scene of the crime. That's likely on the horizon for Aon.