The partial rise appeared and confirmed on Friday. This stock will now drop to the bottom target price.
After the last bounce off the bottom trend line in this Broadening Top pattern, a partial rise appeared. Friday confirmed the partial rise and it's heading down from here. The target price of 47.65 isn't too far away for much of a profit from shorting it but the partial rise is a great indication of the downward trend to get there. thepatternsite.com thepatternsite.com
In addition to the other 2 patterns that were previously recognized (Horn Bottoms & Good Earnings Surprise), there now appears to be a Broadening Top pattern appearing. There may be a short drop over the next few days but then we should see a return to the $33 target mark. thepatternsite.com thepatternsite.com
ADTN Breakout has not occured yet but for upward breakout, target price is 17.31 and downward breakout's target price is 12.44. Currently, it looks to be best setup for an upward breakout. Swing traders can short now if they want the intraformation trade and buy when it shows the reversal. thepatternsite.com thepatternsite.com
Friday signaled the partial rise, which is a good indicator of a downward movement from here. That seems to also be reflected in the Stoch RSI. thepatternsite.com thepatternsite.com
Price swinging upward. Ride it back up to the top trend line but watch for pullback. The buying pressure looks good right now. That little dead-cat bounce a few days ago from the earnings report should also help bring it back up. thepatternsite.com thepatternsite.com
Started rebound down off top trend line. Overbought. thepatternsite.com thepatternsite.com
Notes on chart detailing the various moves based on chart patterns. Expecting a rally to 1.545 - 1.55 and then a decline to 1.51 - 1.50 and eventually to 1.495 and 1.465 (if the H&S is validated and price breaks below 1.50 support (a strong level). *This is an H4 compressed chart, so the timeframe for this tp play out will be days/weeks
Update : Look bulish at the moment The classic strategy (1): Entry: Take a long position at the breakout of the resistance starting from the fifth rotation and if the price is on the higher third of its annual range Stop: The stop is placed below the resistance Target: Theoretical target of the pattern Advantage: Strong probability to win Disadvantage:...
A megaphone pattern is emerging very clearly on the 30min chart. Since I'm already short I'm gonna add to my positions at the top of it. I really wanted to bring it every ones attention in case they find it important rather than as a trade idea as such. Good luck!
Positive or negative year for the DAX? The last trading days of 2014 will decide whether the DAX profit will make this year. In mid-December the DAX stood in the same zone of January 1st. Last week there was an uptrend that brought the DAX back to 9900 zone. DAX 2014 could be described as a Broadening Top or megaphone. DAX created higer highs and lower lows. Once...
Could be another broadening wedge pattern. AO divergence and first red bar on oscillator on the 4 to 5 impulse. Median Support <190. Keeping it simple here.
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