Weekly Candles Constructive On Volume.
Gap is filled, correction is completed. Upward trend will continue to fill the gap.
Reversal candle formed here. Watch for confirmation
1 of 5 in my virtual account , got march 150 c @ 1.38 on 1/15/14 ,looking for $190-195 ,
BA settled their labor dispute this past Friday. BA has been in consolidation and the Alley-gator has been compressed, or as Bill Williams describes the sleeping alley-gator. I would buy with a buy stop 2 ticks above the fractal marked; 138.90 My stop loss would be below the blue line or the gators jaw. BA is in a strong sector under accumulation the past...
it looks BA rally is going to an end. Ease Of Movement (EMV) shows prices moved upward with low volumes and Money Flow Index (MFI) says BA is now overbought.
I would wait the 28-day EMA to cross down the 50-day EMA, then I would go short. There is an early sign of trend reversal
possible bigger sell of when the top is finnish
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...