Bullish Bat Pattern on TJX if price reaches 56.63. We saw increased volume on the advance of the 'XA' leg and lower volume behind the decline to pattern maturity. There also is bullish momentum divergence from the last swing point within the 'D' leg of the pattern to where price is currently. There also seems to be a rough bat pattern behind this pattern that...
ADX is still below 20 though MACD/ROC denote reversal. More good news awaiter.
Will take some profit off the table after the price will break down swing low at $0.93030 from where it established intraday high at $0.93115. And will keep my core with stops below support zone from $0.92839-0.92901
Bat Pattern Long along with some bullish momentum divergence for CCJ. We touch the 886 3 days ago, but today might be an opportunity to jump in at a good price if you missed the first touch. We saw increase volume at the 'XA' leg and lower volume through the maturity of the pattern with increased volume at the .886 level. I would like to wait for a retest of...
Bullish Harmonic Bat Pattern with bullish momentum divergences on both stochastic and macd histogram with solid support level. Enter Long @ 31.00 Stop Loss below X point around 30.35 Profit Target is below 'B' point 32.30\ R/R Ratio of 1:2
This indicator was developed by Roger Altman and was introduced in the February 1993 issue of "Technical Analysis of Stocks & Commodities" magazine. The RSI was developed by J. Welles Wilder and is discussed in his book "New Concepts in Technical Trading". Get the source here: pastebin.com Installation video by @ChrisMoody here : vimeopro.com After I got done...
**BET** A pretty strong level of support has been broken and it has been broken with conviction. A break past point B of a bat pattern and a retracement back into what was before a strong level of supply/demand is signaling me to go short. I like this play set up very much, let's see if it plays out.