My custom indictor is suggesting we've reached a zombie new high in the general markets and this indicator has reached highs equal to levels near December 2017. My interpretation of this peak is that the market could continue to try to push a bit higher - but overall this level has historically been an extreme overbought level and the markets have typically...
Triangles, Descending Triangles, Ascending Triangle and Ranges are repeatable trading chart patterns.
Triangles and ranges are consolidation chart patterns that can breakout either direction.
Ascending and descending chart patterns will have a directional bias depending on the previous incoming trend.
Each chart pattern will have defining trendlines of the...
After up move at us indices to a new high price now on strong resistance and can fall at least to B point of the AB=CD
Then can even fall to daily moving average 200
If market will make a sneak attack we got short number 2 at a round number.
Take profit 1 90% of the profit
Take profit 2 10% of the profit
This is the time where we have a relative top in the markets. We have had remarkable correlation with the 10 year seasonal profile for $DJI. I only expect a minor pullback for 1-2 weeks as shown in the picture below, before accelerating again into the new year.
KONA ALERT - NON REPAINTING
Live alert for linebreak 15-minute charts
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CRC is most likely to move up 'bullish' due to closing high and consolidation.
up movements will hit the target soon, to be a longer period trader CRC is most likely to reach the previouse goals of 20 and up movements.
ALL THE BEST
NOTE: NOT investment advice
The Nasdaq index is close to overbought and got rejected from a long-term trend line test. This may be just a small pullback before it decisively breaks the trend line, or it may just be the beginning of a cycle downward. I've drawn a parallel channel and plan to buy near the bottom of the channel and set a stop loss just below channel bottom. If it breaches...