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Bixley

Spotify diamond top

Spotify Technology S.A. (NYSE:SPOT)  
Bixley  
NYSE:SPOT   Spotify Technology S.A.
Trend Analysis Chart Patterns Beyond Technical Analysis spotify spot diamondtop diamond diamonds diamondpattern islandreversal islandtopreversal uncertainty
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trendanalysis chartpattern beyondta spotify spot diamondtop diamond diamonds diamondpattern islandreversal islandtopreversal uncertainty
Spotify is showing mixed signals with the formation of a diamond top which is indicative of a bearish reversal, evident on the chart. Also, formation of an island top which are a quite reliable bearish reversal chart pattern. The uncertainty in this chart may be evident to investors which choose to capitalise on this or sit out.
Personally I use Spotify myself..
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