QuantitativeExhaustion

Cat in the Hat Pattern on Fisher

NYSE:VALE   VALE S A
492 1 18
Looking at Indicator study here. I noticed a pattern that @nmike passed along to us all, the Fisher Cat. That Cat works well to find peaks and bottoms or significant trend reversals. On this chart I also noticed a hat pattern followed by a cat, which suggest a trend reversal was about to take place. Not only did we have the pattern to work with, we also had divergence in all indications, RSI , Slow Stoch-Fast Stoch , MACD , Fisher and TRIX (yellow ascending lines compared to Vale chart with horizontal yellow line = divergence). The indication lines also merged on all my indicators as you can see with green circles. This was a good time to buy call options for the end of the month (which I already sold). This was an extremely risky move but the reward was significant.

You can also use these indications if you like. Hit the "make it mine" and you can follow along on any stock .
nmike MOD
3 years ago
.....nice work
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out