Broadcom has a very particular behavior, it loves to rally in sharp upward bursts.
It often opens with gaps, quickly pushing the price to new levels. Interestingly, the gap zones are never violated during these uptrends.
However, we’ve recently seen a small but concerning move back into a previous gap area.
In past cases, this has been Broadcom’s first bearish signal, often marking the start of a cooling phase. (see white circles for recent behaviour)
That said, this kind of signal doesn’t always mean a full reversal, sometimes it just suggests a sideways consolidation while the buying euphoria takes a breather.
🤔 What do you think?
Will Broadcom respect its usual pattern again… or will this be the first time it ignores it and keeps printing new ATHs?
It often opens with gaps, quickly pushing the price to new levels. Interestingly, the gap zones are never violated during these uptrends.
However, we’ve recently seen a small but concerning move back into a previous gap area.
In past cases, this has been Broadcom’s first bearish signal, often marking the start of a cooling phase. (see white circles for recent behaviour)
That said, this kind of signal doesn’t always mean a full reversal, sometimes it just suggests a sideways consolidation while the buying euphoria takes a breather.
🤔 What do you think?
Will Broadcom respect its usual pattern again… or will this be the first time it ignores it and keeps printing new ATHs?
⚡ Trading is not about luck or patience. Is about skills and knowledge. ⚡
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⚡ Trading is not about luck or patience. Is about skills and knowledge. ⚡
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
I share my ideas, returns and knowledge here:
📚 👉 topchartpatterns.substack.com/subscribe 👈📚
🤝 Business contact: info@topchartpatterns.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.