Inverse head and shoulders is a bullish pattern that is usually found at a bottom. There are 2 shoulders that should be relatively close in price and a deeper valley in the middle of the 2 shoulders that forms a head. Direxion Daily Technology Bear 3X Shares ETF. Leveraged. The pattern is not valid until the neckline is clearly broken with an uptrend. Until it...
Price is at the support line of the triangle today. The top line is resistance. All 3 triangle structures, symmetrical, ascending and descending are neutral until broken with a trend in that direction. No recommendation "The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails."
Price has fallen from a lengthy channel up, formed another small channel up and is fighting the resistance of the bottom line of the 2nd small channel. This line was support but is now resistance. There are 2 gaps below price. There is a cup but whether price makes to the top of the cup then breaks the resistance that lurks there, remains to be seen. No...
This triangle has broken to the downside but there is a support zone just below price. If this zone breaks, it could spell more trouble for DOCU. Earnings in December and short interest is just above 4%. Spinning top at support so far today representing indecision for the time being. Oversold on RSI and also oversold status is also represented by price being below...
This stock has taken some punishment as of late. It is oversold but securities can remain oversold or overbought for extended periods. Short is low at just over 1%. Possible M pattern forming. Earnings are Thursday AMC. Perhaps earnings will be outstanding but retail does not seem to be in favor right now, and even dirt can get cheaper )o: No recommendation
Rectangles are a horizontal consolidation pattern and is neutral pattern until broken. Price is on the support line today. Recent fall from a bearish Rising Wedge. Both lines slope up narrowing at the apex and represents too much supply within the wedge. This pattern is not valid unless the bottom line is broken. An area of support will usually catch price...
Leveraged x 3. Horizontal trading channel which is also a consolidation pattern. The top is resistance. The bottom line is support. This pattern is neutral until broken. Goldman Sachs FS Treasury Intms Instl 41.43% Ice Semiconductor Index Swap 31.30% Goldman Sachs Fin Gov 465 Institut 13.11% No recommendation.
Price is hanging on the neckline. This pattern is not valid until the neckline is broken with a downtrend, RSI Divergence noted. Price fell from a Rising wedge which is bearish but has possibly recovered. Earnings 10-18. Short is around 2%. No recommendation
Price is on the support line. Top line slopes up and bottom line slopes down. This a neutral pattern and has not been broken. Targets are calculated from the break point which has not been reached so targets are a guesstimate. No recommendation. Triangles are often a waiting/consolidation pattern. Everything Changes.
I looked at SPY on weekly and could see a cupping pattern plain as day. When I look on daily, I see a Head and Shoulders pattern forming at what would be the Handle for the cup. H&S patterns are not valid until the neckline is broken. This neckline slopes versus being a straight line. There is also a prior Bearish Rising Wedge and the bottom line is intact so it...
Earnings tomorrow. A candle tail broke the support line of the triangle today. No recommendation
Large and loose triangle. Tight triangles perform best. Top line slopes down and bottom line slopes up. Neutral until broken. Engulfing candle today but this is a bad market day. This candle needs confirmation. No recommendation
Price has broken the support line. Neutral pattern until broken. Has broken to the downside. Tight triangle and price action fills the structure. Fib levels applied to calculate targets. The white line represents a 100% fall but can fall to a lesser or greater fib level. I use .382, .618, .786, 1, 1.272 and 1.618, but some may use another method of...
Possibly heading for support. Spinning top/indecision/at resistance. Engulfing candle/bearish/today. Top line is virtually flat (Resistance) and bottom line slopes up (support) Things can change in a heart beat. This stock does well at earnings as a rule. You can calculate targets by projecting the width of the wide end of this triangle and projecting that...
Stop below 4thleg down. Healthcare stock that I hold. If I see a bad pattern, I sell part of it. A cypher pattern has peak 2 higher than peak 1 like a shark but the Bullish Cypher terminates at the .786 on the 4th leg of the crooked M pattern. A Shark terminates at the .886 of the 1.113 of the 1st leg down. The cypher is measures using fib levels from the 2nd...
Top line slopes down, bottom line is virtually flat. Fell on earnings. Price has pierced bottom line. No recommendation.