daily chart
-pull back on rsi support
4h chart:
-chart is bouncing on the rsi neutral zone of 50%.
-cup with handle formation
timing 15 mn chart
-divergences on chart
-wait for price to be on top of MA 50 (red line) before enter
This may be a variation on c&h leading to a new support building level
In that case, looking for new yearly high within a few days.
Dropping below the handle at 3682 probably means lower to test near 61.8% retracement around 3300-3400.
I've been long MPC for a number of reasons. I'm just bored. Quiet day. The most important thing is that it's found a bottom at $29 after free-falling with no support unless you go back to 2012. This stock is down -50% since early Dec 2015.
Disclosure: I am long MPC.
Currently the pair is trading above 1.4600 and just above the trend line, implying that the momentum is to the upside. Should bulls maintain their grip on 1.4600, we would expect them to target 1.4625, 1.4650 and 1.4675.
Fundamentally :
VMware, Inc. provides virtualization and cloud infrastructure solutions in the United States and internationally. Sales growth is stable, P/E is not overvalued, debt/equity is low. What is interesting< many traders bet on downside, as Shortinterest is pretty high 23% of all shares. Break of $62 may force these guys to cover their shorts and...
First off, I Apologize for the cluttered chart. If I find a better way to represent the data I will do so in the future. Also, there is a lot of info on this char so you may have to zoom in and move around to soak it all in.
It is looking like XAUUSD has a sequential cup and handle patterns happening. It also looks to be continuing this pattern in a Matryoshka...
Square's trend has changed, if you don't belive me take a look at this chart! Following an unsuccessful IPO (Can't think of any successful one in today's market enviroment) it bottomed out at $8.05 and volume dried up, subsequently it started gaining momentum volume picked up and reached a level of 12.64 forming what looks to be a cup, then the handle came along...
Usually a cup with handle formation is a continuation pattern..
Usually it does not retrace more than 1/2 of it's previous advance..
The practical takeaways
If we get a breakout of the handle with strong volume , this is a buy signal
Until this breakout, expect the daily moves of gold to be sloppy and choppy
If this breakout does not come and we...
C & H formation
Sideway price movement over the past few days with lowering vol.
Strong close today
Break-out signal positive
(negative) upper shadows over the past few days
Just a little more on the cup and handle.. They do not come around too often but can provide you with some excellent info on weather or not to go shot or long. I am still somewhat new to thing but am learning a lot from you guys so keep it coming!! You can see where the candle stick closed out above my support triangle & gave me the indication to go long after...
