This is what the japanese call SAN-KU, or in english three gaps. This is a bearish setup in an uptrend.
Along the san-ku, we also have an island reverseal pattern, which is a very powerful reverseal pattern.
Weekly chart looks really bearish.
All notes on the chart.
IMO the uptrend is over and it is time for a correction or a consolidation ( probably a...
Boeing 's Dreamliner continues to be a problem for Boieng. A Japanese airline reported wiring issue with the 787 yesterday.
So far this year , AIRBUS is ahead of Boeing in term of orders ( 892 vs 775).
Technically , the price broke it 's support this morning, so I'm short BA with a target around 96 - 97.
I bought OCT 13 97.5 PUTS.
Cheers
Algo
ChartChatConnect & TTM visual representation. This is when TradingView gets ultra exciting; when a member is looking for every advantage of other arenas but with the power of individuality that TradingView presents. I will keep this conversation going until the team takes over with development or the formatting for Carter's TTM. Sincerely, Beauty (inspired by a...
Like many of the Stocks which made their all time high in 2007 then declined into 2009 low in 5 waves making first leg down Wave "(A)" are since retracing Wave "(B)" up and due to general positive market condition could make deep retracement or even overshoot 2007 high in expanded Flat. Boeing is also from 2009 low has completed what I believe is Wave "A" high in...
