Also very close to a Bullish Butterfly Pattern..
AKAM was tangled up in a rising wedge during it's stay in the symmetrical triangle. It has fallen from the bearish rising wedge and seems to have recovered. Broke up from the S Triangle pattern. A S Triangle can break either way and is usually a continuation pattern and a period of consolidation.
Earnings are soon and it does not look like they miss much/short is a bit over 6%
The butterfly pattern adheres to FIB levels and this one is slightly shy on B reaching the 0.786 and D reaching the 1.27 mark of the XA leg. Hence, I did not post targets for this pattern.
Most harmonic patterns have an ABCD pattern inside of it.
There is also a bad looking top before the pullback and appears to be a H&S top with C being the RS..
Not a recommendation
AKAM was tangled up in a rising wedge during it's stay in the symmetrical triangle. It has fallen from the bearish rising wedge and seems to have recovered. Broke up from the S Triangle pattern. A S Triangle can break either way and is usually a continuation pattern and a period of consolidation.
Earnings are soon and it does not look like they miss much/short is a bit over 6%
The butterfly pattern adheres to FIB levels and this one is slightly shy on B reaching the 0.786 and D reaching the 1.27 mark of the XA leg. Hence, I did not post targets for this pattern.
Most harmonic patterns have an ABCD pattern inside of it.
There is also a bad looking top before the pullback and appears to be a H&S top with C being the RS..
Not a recommendation