Clear defined chart pattern resistance @28. A daily close above that will confirm the pattern and set the stage for the next leg up.
Big day for ROKU that sent the stock to ATH, breaking out of 1+ year continuation head and shoulders chart pattern. If the market stabilizes here, this stock's path of least resistance is much higher prices.
Less than 2 months in length but a clear close below the neckline today. Price target listed on the chart. 200 MA is an obvious support level. A daily close back over the right shoulder will negate the pattern and possibly set the stage for rally back to chart pattern head high.
STE broke out from its 3 month symmetrical triangle on Monday with a good follow through to trade at all time highs. I alerted to this consolidation breakout setup forming back on August 17th here
Posted about this setup few days ago and now a symmetrical triangle is forming inside of the bigger 4 month rectangle chart pattern. A daily close below symmetrical chart pattern will set the stage for the next leg down in the stock.
Posted about the setup taking place back in July and again in august. Stock closed below neckline Friday and lost over 8% today.
Very appealing setup on this cup and handle 3 month chart pattern. 1. Handle taking the form of rectangle consolidation 2. Handle forming right above 200 MA (bullish) 3. The cup and handle pattern boundary resistance is conversion with a long term weekly down trend line (red line) A decisive daily close above $26 will confirm the pattern and the breakout and set...
NYSE:AVNS forming 4 month ascending triangle chart pattern with $34.50 testing multiple time and acting as resistance. Chart patterns that accomplishes 3 things when they breakout are ones that has the most chance succeeding. When the breakout takes place (daily close above $34.50), AVNS will: 1) Close above its Ascending Triangle chart pattern (blue line on...
NASDAQ:SBAC been trading sideways for 4 months forming a well defined ascending triangle chart pattern. The breakout will send the stock into ATH.
Textbook ascending triangle chart pattern breakout. I posted about this breakout setup as it took place on September 10th here
NYSE:WWE formed a 4+ month rectangle chart pattern closing below support today and thursday. Took a shot at the short side with a stop on a daily close above the red dotted line. I posted about this rectangle pattern forming back on August 22nd here
Nice trade setup forming on NASDAQ:MGPI . A strong daily close above the 4+ months rectangle pattern will also clear the 200 MA. The stock has already cleared a weekly downtrend line indicating a possible shift in trend to the upside.
Another breakout setup reaching its chart pattern price target. I posted about this trade setup here
Broke out of 3 months rectangle and pulling back/testing rectangle lower boundary.
I posed about this trade forming on August 9th link below. GH reached its ascending triangle price target.
I've posted twice about H&S forming. Nothing is certain in trading. Example of a failed breakdown. Always have a strategy around your exits and trade management. Identifying the chart pattern is the easy part, the hard part is managing your trades after you enter them.
QSR been consolidating its gains after its run up from covid19 bottom. Stock is forming 3+ months ascending triangle and seems ready to begin its next move. Symmetrical triangles (unlike Ascending and Descending triangles) could end up becoming a trend reversal or continuation patterns depending on the direction they breakout into. the 200 MA is smack in the...
A daily close below $4.90 will complete the chart pattern and set the stage to a possible next leg lower.