Possible stop under D.
Price fell below the lower bollinger band with an SMA on 80 verses 20. This can also be a bearish signal and exhibits extreme selling pressure, so here you play it by ear and go with your gut. A strong security will often snap back in to the bands and many will trade at least back up to the middle band.
Price fell below the bottom band with the SMA set on 80 which shows extreme selling pressure. A strong stock will snap back inside the bollinger bands. Falling below the bottom can also be a bearish signal, as some will continue falling. This is where you play it by ear and use your gut feeling. On average a stock that goes below the lower band will snap back
The Bullish Gartley looks like a crooked M. It is labeled XABCD with D being the end of the pattern at the .786 of XA. The retracement of XA which is leg AB should hit the .618. This pulled back a few dollars more than the .786 but was close. There is also a bearish Gartley that appears as a crooked W.
This was a former arc that has pulled just beyond 79%. Parabolic Arcs can be volatile for a while after hitting the landing pad. Parabolic arcs are easier for me to see on the weekly timeframe and appear as an inverted C with a very steep climb up. An arc can be very profitable on the way up, but financially devastating on the way down if you do not get out in time. An arc is difficult to trade on the way down as they are known to be very volatile. Most arcs decline by 50 to 79% on the way down with the average falling between 62 and 79%. There is extreme bullishness on the way up which causes a unsustainable steep rise up. One of the 7 deadly sins, Greed, can bring an arc back down to earth. People will typically sell when they have made enough profit, causing more selling, then fear and panic.
The moving averages look awful and most do after a decline this deep. Many prefer to enter the trade when price is over the 50 at least. The 200 is sloping up which is the longest of the moving averages. The rest appear droopy )o:
No recommendation and possibly very much on the risky side. Negative volume is high.
There is a small gap under price that may serve as support. If price dips in to this gap it may go to the bottom of the small gap as there is no recent price action inside of the gap.
Price fell below the lower bollinger band with an SMA on 80 verses 20. This can also be a bearish signal and exhibits extreme selling pressure, so here you play it by ear and go with your gut. A strong security will often snap back in to the bands and many will trade at least back up to the middle band.
Price fell below the bottom band with the SMA set on 80 which shows extreme selling pressure. A strong stock will snap back inside the bollinger bands. Falling below the bottom can also be a bearish signal, as some will continue falling. This is where you play it by ear and use your gut feeling. On average a stock that goes below the lower band will snap back
The Bullish Gartley looks like a crooked M. It is labeled XABCD with D being the end of the pattern at the .786 of XA. The retracement of XA which is leg AB should hit the .618. This pulled back a few dollars more than the .786 but was close. There is also a bearish Gartley that appears as a crooked W.
This was a former arc that has pulled just beyond 79%. Parabolic Arcs can be volatile for a while after hitting the landing pad. Parabolic arcs are easier for me to see on the weekly timeframe and appear as an inverted C with a very steep climb up. An arc can be very profitable on the way up, but financially devastating on the way down if you do not get out in time. An arc is difficult to trade on the way down as they are known to be very volatile. Most arcs decline by 50 to 79% on the way down with the average falling between 62 and 79%. There is extreme bullishness on the way up which causes a unsustainable steep rise up. One of the 7 deadly sins, Greed, can bring an arc back down to earth. People will typically sell when they have made enough profit, causing more selling, then fear and panic.
The moving averages look awful and most do after a decline this deep. Many prefer to enter the trade when price is over the 50 at least. The 200 is sloping up which is the longest of the moving averages. The rest appear droopy )o:
No recommendation and possibly very much on the risky side. Negative volume is high.
There is a small gap under price that may serve as support. If price dips in to this gap it may go to the bottom of the small gap as there is no recent price action inside of the gap.