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ankurlakhotia ankurlakhotia FTSE, W,
FTSE: FTSE - Broadening triangle
34 0 4
FTSE, W
FTSE - Broadening triangle

FTSE 100 Index on the weekly chart has formed a bearish engulfing candlestick pattern at the top end of broadening triangle. The mentioned pattern requires confirmation in form of a lower weekly close. The immediate downside support is at 7120 level. A breach of this level will lead to a failed breakout in the index and it may head lower towards 6700 - 6600 level. ...

joshuanroberts joshuanroberts ADTN, D, Long ,
ADTN: ADTN: Broadening Top, right-angled and descending
14 0 1
ADTN, D Long
ADTN: Broadening Top, right-angled and descending

ADTN Breakout has not occured yet but for upward breakout, target price is 17.31 and downward breakout's target price is 12.44. Currently, it looks to be best setup for an upward breakout. Swing traders can short now if they want the intraformation trade and buy when it shows the reversal. http://thepatternsite.com/Blog.html#P13 http://thepatternsite.com/rabfd.html

QuantitativeExhaustion QuantitativeExhaustion QQQ, 60, Long ,
QQQ: Inverted Cup and Handle Top or Descending Broadening Wedge?
669 10 33
QQQ, 60 Long
Inverted Cup and Handle Top or Descending Broadening Wedge?

As many of you know United States and Japan's diplomats have been working on the Trans-Pacific Trade Agreement TPP. Trans-Pacific Partnership (TPP) is an ambitious plan for a free trade agreement among 12 countries which, if realized, could cover 40 percent of global GDP. It is a key plank in President Obama's foreign policy, and an effort to anchor the US firmly ...

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