Halliburton: Nice ABCD Pattern Right At A Major Moving Average
Friends
Found a lovely ABCD pattern, right up at the 200EMA
1.We have an ABCD pattern
2. The pattern stalls, at the extension where expected. We also discover this is right where the 200EMA is currently at as well.
3. We have indecision candles at the ABCE D extension and at the 200EMA level.
4. We have a left/Right combo, showing the bulls are getting out the way at the moment.
5. We have a nearby localised support, where you can short to a very high probability if the level is broken
6. We have an inconspicuous, yet long term stochastic bearish divergence.
Thanks guys
Regards,
Tom
Found a lovely ABCD pattern, right up at the 200EMA
1.We have an ABCD pattern
2. The pattern stalls, at the extension where expected. We also discover this is right where the 200EMA is currently at as well.
3. We have indecision candles at the ABCE D extension and at the 200EMA level.
4. We have a left/Right combo, showing the bulls are getting out the way at the moment.
5. We have a nearby localised support, where you can short to a very high probability if the level is broken
6. We have an inconspicuous, yet long term stochastic bearish divergence.
Thanks guys
Regards,
Tom