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...
Recent price action looks parabolic and it is at multi-year resistance.
Wait for retracement to LONG but price did a wonderful Gap Cross Over switching back to old familiar blue channel.
Many times, Bearish Divergence is a good indicator of a Continuing Uptrend.
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
The trading volume is ten times more than the usual. It not joke.It seems that investors fed up with endless failure.
Needs time for this chart to heal at MINIMUM. Decent spot for puts or scaling out of longs
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...
Notes on chart about the psychology of next weeks BA trade $DIA $SPY $IYT $SPX