These last few days have made a pretty nice curve (in green), this movement had steady higher lows for a time, but recently dropped to make some new local lows, we are now close to crossing our most recent lowest low. If the price continues to break down, this could be an indication that this curve was just the bounce, and has turned into a dead cat bounce,...
Working its way up from the dead-cat bounce. Buying pressure looks prime to bring it back up to the previous trend line. 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
Earnings report wasn't too bad so price should come back up to previous trend. Price has already started upwards and probably has a few days left. thepatternsite.com thepatternsite.com
Buying pressure was high after the drop and considering it was much of an overreaction by the market, given the earnings report was decent, this price should start rising again. thepatternsite.com thepatternsite.com
The bottom price curve just turned up for this dead cat and the increased buying pressure is also a solid indicator that the price is on the rise for some solid high percentage gains. thepatternsite.com thepatternsite.com
The stagnation of the price at the bottom there while it is continuing to be oversold is a good indicator of the bounce back up. TILE has also been having higher daily lows, progressing upwards and yesterday showed a higher high than the previous day so buying pressure should increase within the next few days. thepatternsite.com thepatternsite.com
Ascend from dead-cat bounce started; oversold with buying pressure starting to increase thepatternsite.com thepatternsite.com
Hello all, if you are a bottom picker here is an interesting options play in the energy market on nothing more then a natural 'dead-cat-bounce'. I can make a realistic argument for $20 on UCO. This would be nothing more then a normal 38.2 Fib tag, gap fill and a bfrn tag (markets just love to run to big fat round numbers). I would expect this dead-cat-bounce to...
My most recent idea was invalidated pretty quickly, hence why added the "If we were to reverse here..." disclaimer. Now we see why you don't place orders and forget about them. Ideas can always be invalidated, but my longer term ideas have been bearish for quite a while now. In fact, it doesn't look like it's even going to reverse here, which was unexpected. ...
The ABC correction from the 305 top has finished off exactly as predicted, see chart. After the bottom of C, the downtrend resumed and touched down on the (minor) 266 support. Of course a rebound was to be expected as prices don't move straight down or up. Now we are looking at a bearish wedge forming with a possible break down sometime tomorrow, or wednesday at...