ADPR34 trade ideas
$ADP 101.27 looks double top. 2 month ago GAP dwn fr 100.7 to 97ADP 101.27 looks double top formation. on Jan-31-2017 it had a GAP down fr 100.7 to 97.6 in 1 day.
Bearish Cypher pattern on 60 min ADP chartA Bearish Cypher pattern has been detected on 60 min ADP chart, suggesting that we are going to be making moves to the down side. my stop loss is set at 99.54 and my first target is at 97.62, close to a 1:1 ratio, my second target indicated on the chart is 96.94.
ADP(Daily). Head and Shoulders Top. (Retest)ADP(Daily). Head and Shoulders Top. (Retest)
7 month Head and Shoulders break Out, Range.
OBV bearish divergence.
Retest of NeckLine, SMA.
50 200 CrossOver.
Within downTrend Channel, Lower Highs.
Relative breakdown Vs S&P500.
ADP2 bad days in the markets did not stop this stop from reaching new highs.
today was a breakout gap with high vol. expect price to keep moving in the top channel.
GL
