640 views
2
THE FAANG PRINTS A PERFECT EVENING STAR

  • Price gapped on open, solid green body.
  • Little body, little wicks
  • Solid red body

Given that that previous peak was a bearish RSI divergence, it's reasonable to think that this is the final rally before a downturn. Something that an evening start doji would point towards. Additionally, we can see that the regression has moved to a more short term correlation, which has dropped the expected forward range substantially:


Fundamentally, with the anti-trust conversations happening in the US at the moment; specifically around a number of these companies; it makes sense that investors will be more cautious than they have in previous months.
We use the VASICS suite of tools to identify trends in a statistically repeatable way. It allows us to identify trades based on volatility and trend variations.

Want to know more? Visit us at http://www.vasics.com.au to find out how we can help you.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out