Flag or Pennant ? Both would be bullish ... Play with time-frame, it seems to match a pennant on most... However it may be neither, although there are many within it. That tends to serve as a confirmation! The SPY is an index based ETF for the S&P 500...
I'm pretty sure 97% of people were short DB lately, and pessimistic about its outlook. I was on that bandwagon, and shorting every rally for some time, but the latest developments made me change my mind on it. I think we have a great opportunity to long the stock here, if not already in that is. I'm in with a 0.25% risk position, and will add gradually to it,...
The double top at the top of the chart has in fact finally reversed price as bears took control of the market The neckline has been broken Will now wait to see a retest of previous structure levels in the potential reversal zone (green rectangle) Look at price action for shorting opportunities here The 618 retracement would be most ideal, but it was a pretty...
There are 4 signs of bearish reversal. -Bearish Engulfing -Bearish Pinbar -Follow by again Bearish Engulfing -Strong break of 20 SMA Find the way to join the bearish trend, possibly on retest of previous bullish channel.
Wait for price action for bearish reversal near 0.95500 - 0.96500.
NOT MORE THAN 1% RISK, VERY SHORT STOP, BREAKEVEN, TRAILING MUST BE APPLIED. LIMIT ORDER
Knowing when to get into contrarian assets is essential to trading in Keynesian markets.
Watch the lines. This chart tells us when to switch from bubble assets to contrarian assets.
I am not the author of the seekingalpha article even the though the title looks similar. I just find it cool and it rings. For followers of Stan Weinstein chart analysis (do google this up, his technical analysis methods are really easy to use), you would have noticed that KORS has just exited stage 1 and is now at the possible start of stage 2. The high volume...