Normally I look into patterns only on Dutch stocks and index, but as of Dutch ING N.V (inga) is going flat and closed today slightly higher while stochastic lowered. It got my attention to look into more detail.
The Dutch AEX-index is still going flat after hitting 484 and a bit in FTI (future contract), so did ...
You can hedge you'r risk by compare a random financial with Gold.
for example: ING (orange) versus GOLD, BATS
when ING is going down, Gold is upwards. Turned around the same.
WARNING! configurate you'r stoplosses and take profits
Latest example of charts. you have a complex h/s within a longer term H/S currently at Neck line. I would NOT be ing this right now nor would i be holding as a h/s can be the most aggressive of bearish moves possible. #GLTA
Not much into harmonic theory, but this is a clear AB=CD pattern.
Strong correlation between price action and downwards pitchfork.
RSI, Stochastic, CCI, and MACD are showing signs of retreating from their overvalued status.
+ If close higher 78,8 on good volume and stay on day long trend higher 80
open potential moove DT (double top)
and than open road to new top 84 - 86 - 90 - 95 (60%)
- If close low 74 , trgt - 70 (40%)
52-Week Change3: 13.62%
S&P500 52-Week Change3: 13.59%
52-Week High ...