“Yields & Oil Spike as Geopolitical Escalation Hits Markets”
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.