China Bubble with Symmetrical Trending Moves
It's obvious we are looking at a equity bubble in China. I'm not worried where this goes, I'm more interested in where this ends. I want to be on the put side of this ETF. I have most likely missed 2/3 of this price move. Volatility and price velocity will be much greater on the downside, and more money can be...
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:...
Right now, we are in a symmetrical triangle and we are going to have fake-out moves on the smaller time frames like we did just a few minutes ago that don't involve any real volume. Now we can see that consolidation is almost over and it's almost time to choose a trend. Since we made the peak at $315, we've had several patterns that might indicate a move, when...
EEQ is significantly strong fundamentally hitting all of our metrics. This is a great Symmetrical Triangle pattern that is technically more bullish than bearish due to how price action entered the triangle.
This stock is a buy if it breaks out past the $38.10 level.
Hope it helps,
Des
DNB is a extremely weak fundamentally with a high PEG ratio. It is setting up with a Symmetrical Triangle and entering its apex. A breakdown below $114 would trigger a short position.
Owner of Grok Trade; trader of 17 yrs.
KKD is currently breaking out of a 3-month long symmetrical triangle.
The downward-sloping red trendline has been tested twice (at points B & D.) And has finally broken out on 1/22. Once again, I am not seeing the spike in volume that I am looking for. However, the red trendline was decisively broken. According to the triangle measuring technique, the maximum...
Overall EURO weakness and expectations about the expanding the ECB's balance sheet should create imbalance in supply/demand and drive the price of the EURO down
Here on the 12 hour chart we can observe a solidly formed symmetrical triangle. The widely held expectation is that we will see price break out bullish with target #1 at about $420. However, this pattern resolves in the direction of the overall trend- 75% of the time. A top-side breakout could signal the start of a bull market for bitcoin... or we could break...
AUDUSD seems to be consolidating within a symmetrical triangle. Price recently bounced off of the .8660 low, forming a double bottom, normally a reversal pattern, but failed to create higher highs. If price were to continue downward the next strong support level is a 2010 low at .8369.
So wait for price to breakout of the triangle before entering and place a stop...
Goldman Sachs is a short to me here on the daily for a quick short. I'll disclose now that on the Weekly chart I am long based on the giant indented head and shoulders and the smaller head and shoulders that makes up the right shoulder. That is in my IRA however, as I do not purchase stock (writing covered calls) in my trading account simply because it ties up too...
